Wall St. waits for blank check from Congress but crisis will last into new presidential term. The markets in New York were anxiously awaiting for their blank check from Congress. A jittery market got rocked as the Dow lost 372 points. Presidential candidates express minor concerns, but skeptics are calling the bailout "Cash for Trash." The crisis will last well into the new president's term with both Obama and even McCain will have to be more interventionist if elected. Ron Blackwell, Chief Economist at the AFL-CIO and Prof. Ellen Frank, Economics University of Massachusetts comment.
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