(Wall St Journal -MarketBeat Blog) Criticism of the bailout plan in the form it morphed into over the weekend was rife — some were concerned about the equity participation, some about the hesitant structure — but most were of agreement that something was better than nothing. Instead, the market got a whole lot of nothing Monday, as the bill was swallowed by partisan bickering and strange attempts to blame the House speaker for ruffling feathers. “We had taken for granted that we had a bill passed and we are shocked to find out that was not the case,” says Art Hogan, chief market strategist at Jefferies & Co. “Now we need to see if we can get back to the drawing board and get something passed this week.”
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