By Sadie Bass

Sep 29, 2009 1:38pm

The Financial Collapse of 2008: One Year Later

On this day one year ago, September 29, 2008, the House of Representatives voted down the $700 billion Paulson financial rescue package.  As a result, the stock market plummeted by 777 points — the biggest one-day point-drop in Dow history.  Take a look at our coverage where we explained how the 401(k)'s of almost every American were affected, why Congress voted the way they did, how this might affect the election and more. 

User Comments

Rahm Emanuel:
“You never want a serious crisis to go to waste.”

Posted by: Community Agitator | September 29, 2009, 4:01 pm 4:01 pm

And now …. on to the Olympics!

Posted by: gotta have it | September 29, 2009, 4:36 pm 4:36 pm

Leave a Reply

Do you have more information about this topic? If so, please click here to contact the editors of ABC News.