Englishmum

The House of Representatives has voted and rejected the $700 Billion bailout plan - the latest headlines are:

http://www.reuters.com/

http://online.wsj.com/public/us

Octang Frye

I'm withdrawing some cash and mattress stuffing.
Only half joking.

Englishmum

There won't be another vote in the House today as many members are already leaving; it's Rosh Hashana tomorrow (Jewish holiday).

TruBrit

i didn't give it another thought that it would be rejected tbh....

Dan725

The Dow's subsequently on its ass too - I think at the moment it is actually lower than when Bush first took over.

Bluegrass Lass

Are we witnessing 'Black Friday' all over again? The Dow is down over 700pts! I think I will seriously get some cash (at least a few hundred) out of our account tonight.

I really didn't want this plan to go through either, but the reality is pretty damn scary.

TruBrit

the dow is heading for one of it's biggest closing point drops in history!

vegas

Should be seeing the multi-millionaires jumping out of their windows very soon.

BigDavyG

Good time to buy

TruBrit

hehe i know and have

hey stranger, you must be bored at work again.

BigDavyG

Not bored - more annoyed.
Anyway - was going to dabble in some UK stocks this morning. Decided against it as the more I read about the bailout the more I doubted the ability of any same person to actually vote in favour of it.
Expect the FTSE to take a bit of a tanking first thing tomorrow, then I'll wade in.

snowbunny

About the time I heard the news about the plan being rejected, there was an advisory on the radio that part of the freeway over the river is closed because the police were trying to talk a jumper down. Connection? I don't know. It's also Monday.

And there were reports that three major European banks have nearly failed. One was a "Belgian-Dutch" bank (Fortis).... don't know who the others are. Bradford and Bingley perhaps for one.

Octang Frye

This is a carefully orchestrated plan being put in place by the CFR, the Trilateralists and the Bilderbergers.

This is it folks. The New World Order is here. No nations, one currency, a ruling elite, no civil liberties. This is how freedom dies...

(Listening to Debbie Gibson and Rage Against the Machine, which accounts for my mood).

anotherlimey

Be careful

You haven't been around much lately. What are you doing now DavyBoy?

Tarkak9

down 778 points ... and the world markets will undoubtedly will react badly to this tomorrow.