View the full MSFT chart at Wikinvest Microsoft was quick to respond to Congress after the House rejected the government’s $700 billion bank bailout plan, issuing a brief statement asking them to rethink their position.
"Microsoft strongly urges members of the U.S. House of Representatives to reconsider and to support legislation that will re-instill confidence and stability in the financial markets," said General Counsel Brad Smith.
"This legislation is vitally important to the health and preservation of jobs in all sectors of the economy of Washington State and the nation, and we urge Congress to act swiftly."
The Dow’s 778-point drop is the worst single-day point loss ever. Microsoft was down more than 8 percent, closing at $25.01.
Smith also acknowledged that it isn’t everyday that the company speaks out on these matters.
"In the over 35-year history of Microsoft, we’ve never taken a position on a piece of banking legislation, but unusual times call for unusual steps," he told the Seattle Post-Intelligencer.
