Breaking News...House defeats bail out plan
and markets plunge....complete bloodbath today.
Sad, collective greed and stupidity has brought down the whole financial system. |
Re: Breaking News...House defeats bail out plan
Originally Posted by IndieG
(Post 6830804)
and markets plunge....complete bloodbath today.
Sad, collective greed and stupidity has brought down the whole financial system. |
Re: Breaking News...House defeats bail out plan
Originally Posted by IndieG
(Post 6830804)
and markets plunge....complete bloodbath today.
Sad, collective greed and stupidity has brought down the whole financial system. |
Re: Breaking News...House defeats bail out plan
Originally Posted by Confucius
(Post 6830821)
When will someone defeat the housing plan over here??? That will be the day...
very soon Conf.... |
Re: Breaking News...House defeats bail out plan
Originally Posted by Confucius
(Post 6830827)
A very good argument was that why the people should foot the bill when the big corporates fall??? The corporates completely forgot about the people when they were making shitloads of money...
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Re: Breaking News...House defeats bail out plan
In terms of the latest Bradford & Bingley takeover in the UK, I feel really sorry for those people losing their jobs -then double whammy- probabaly paying more taxes to offset nationalisation.
Those at the top responsible shouldn't get their golden parachutes if wilful neglect/mismanagement can be shown.Jeez it's just been one big domino effect since Nothern Rock.Shouldn't the others have been more prudent???? |
Re: Breaking News...House defeats bail out plan
Originally Posted by IndieG
(Post 6830855)
It's not so simple - problem is when big corporates fail, thousands of jobs are lost, it is a ripple effect and the whole economy is ultimately hurt.
If they didnt save that money for this rainy day, they have cinderella to blame... |
Re: Breaking News...House defeats bail out plan
Originally Posted by Eva
(Post 6830864)
In terms of the latest Bradford & Bingley takeover in the UK, I feel really sorry for those people losing their jobs -then double whammy- probabaly paying more taxes to offset nationalisation.
Those at the top responsible shouldn't get their golden parachutes if wilful neglect/mismanagement can be shown.Jeez it's just been one big domino effect since Nothern Rock.Shouldn't the others have been more prudent???? |
Re: Breaking News...House defeats bail out plan
This is not over yet. The US Government cannot allow this to happen and are just stalling until the deatails of the plan are more transparent. The problem is that this co-incides with an election which in part will have tax pledges interwoven into the manifestos - how that is going to work will be interesting.
Watch the gold price now. |
Re: Breaking News...House defeats bail out plan
http://regmedia.co.uk/2007/06/27/usb_panic_1.png
Please adopt the brace position... |
Re: Breaking News...House defeats bail out plan
Does anyone know about the LTSB - HBOS deal? Senior management seems to think it's going through but the market spread suggests shareholders have other ideas :rofl:.
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Re: Breaking News...House defeats bail out plan
Originally Posted by Bijilo123
(Post 6830980)
This is not over yet. The US Government cannot allow this to happen and are just stalling until the deatails of the plan are more transparent. The problem is that this co-incides with an election which in part will have tax pledges interwoven into the manifestos - how that is going to work will be interesting.
Watch the gold price now. |
Re: Breaking News...House defeats bail out plan
Originally Posted by jvr20
(Post 6831811)
McCain rescues deal/saves 10000 American jobs/white knight type stuff
Yet McCain couldn't get his party to back him on a bailout plan weeks out from being voted in :thumbdown:. I wonder if there will be a 'backlash' at the ballot boxes about the apparent lack of action to stem the crisis. There will be plenty of middle class voters watching their pension plans go down a black hole and not too happy about it I'd imagine ;). So I hear it's going again almost unchanged, bizarre! :huh: Perhaps they'll bring out the whips this time? :) |
Re: Breaking News...House defeats bail out plan
Originally Posted by Charismatic
(Post 6831885)
So I hear it's going again almost unchanged, bizarre! :huh: Perhaps they'll bring out the whips this time? :) It will be interesting to see what those who opposed the plan suggest as an alternative. |
Re: Breaking News...House defeats bail out plan
Michael Moore's take on this:
http://www.michaelmoore.com/words/me...dex.php?id=235 Unfortunately, most of it is true. Either way, everybody stands to lose. |
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