Bailout Backlash: Five Surprising Things That Happened on Thursday

By AlterNet Staff, AlterNet
Posted on September 26, 2008, Printed on September 26, 2008
http://www.alternet.org/story/100391/

Even news junkies had a hard time keeping up with a flurry of events on September 25 on Wall Street, Washington and the presidential campaigns. Here's a round-up of what happened:

1. Outrage over the bailout spreads across the Internet and to Wall Street

The Internet is flooded with angst about Treasury Secretary Paulson's proposed $700 billion bailout:

A lot of the online rage is channeled in the form of signatures on petitions and electronic letters to members of Congress. Senator Bernie Sanders (Independent-Vt.) is circulating a popular one on the left-wing blog Huffington Post. The 1.9-million member Service Employees International Union is also circulating a sign-on letter to Congress that reads in part: "No deal. No blank check." StopTheHousingBailout.com reasons: "A bailout tells responsible Americans that they are suckers."