Do you like roller coasters? The high-speed, ups and downs. The screams. The heart-pumping. My 12-year-old nephew sure does, but these days you don't need to hit a theme park for those thrills. Just watch what's happening on Wall Street. The Dow retreated today after yesterday's biggest one-day point gain ever of 936 points. Today, blue chips ended the day down 76 points.
The decline comes after President Bush and Treasury Secretary Henry Paulson unveiled details on a plan to spend $250 billion on bank stocks.
"Time and again our nation has faced adversity and time and again we have overcome it and risen to new heights. This time will be no different," said Paulson in Washington. "We regret having to take these actions. Today's actions are not what we ever wanted to do, but today's actions are what we must do to restore confidence in our financial system," he added.
Look over the plan here. Do you think this will help boost investor confidence?
While the Bush administration unveiled its plan, John McCain outlined his own economic vision if elected president. There are several proposals from the GOP presidential candidate, including cutting the captial gain tax and helping older investors dealing with shrinking retirement accounts. Tonight on 360, we're on the trail with all the details.
Plus, we're keeping McCain and Obama honest. Do either of them have an economic plan that America can afford? Hear what one economist thinks.
And, we'll unveil the fifth person on our 10 most wanted: Culprits of the Collapse.
Join us at 10pm ET on CNN.
Anderson Cooper goes beyond the headlines to tell stories from many points of view, so you can make up your own mind about the news. Tune in weeknights at 8 and 10 ET on CNN.
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