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Bailout Bill Fails

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The House of Representatives voted on Monday to reject a $700 billion rescue of the financial industry, leading to the worst single-day stock market drop in decades.

Guests:

James Wilcox, professor at the Haas School of Business at UC Berkeley

Greg Ip, U.S. economics editor for The Economist

Carolyn Lochhead, Washington correspondent for the San Francisco Chronicle

Pete Stark, U.S. congressman representing California's 13th District

Anna Eshoo, U.S. congresswoman representing California's 14th District

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