Its all over

[Uncle Spielberg]

USA $ 700 000 000 bail out rejected. Wall Street down 600 points so far.

The game is up. Can the last person to go bankrupt turn the lights out please

 

[Fred Oliver - Legend]

Take it thats bad news?

 

[Uncle Spielberg]

You watch the markets tomorrow.

 

[Barrel of Fun]

Uh oh. I am not too bothered if the company that bought the student loans goes bankrupt.

Just out of interest. When someone talks about Roman Abramovich, billionaire. Are they referring to the English or American billion?

 

[Fred Oliver - Legend]

I don't really understand it so "watch the market tommorow" go's well over my head, can it be explained in a few short words?

 

[Uncle Spielberg]

I don't really understand it so "watch the market tommorow" go's well over my head, can it be explained in a few short words?

WE ARE f***ed.

 

[beardy gull]

Now, I consider myself reasonably intelligent......but I don't understand the news these days. Take it it's bad though?

 

[Bevendean Hillbilly]

Really?

The one to watch for me is Banco Santander buying everything over here.

Spains economy is about to go Pete tong...biggest property boom IN THE WORLD and the whole lot is about to bomb.

Always fancied living the Ray Mears way.

 

[British Bulldog]

I don't really understand it

Me neither.

 

[Djmiles]

Well I've read that more banks over here could well go under if this bail-out doesn't happen in the US, so it is very bad news by the sounds of it!

 

[TSB]

WE ARE f***ed.

I don't see it that way. Depends if you work in that sector, i suppose.

 

[Juan Albion]

USA $ 700 000 000 bail out rejected. Wall Street down 600 points so far.

The game is up. Can the last person to go bankrupt turn the lights out please

There are still some negotiations going on to try to change a few votes. Seems strange to me after the voting has been completed but then there are lots of strange things in American politics.

 

[Uncle Spielberg]

I don't see it that way. Depends if you work in that sector, i suppose.

Its set back any recovery for a couple of years apart from that, yep its great news.

 

[Meade's Ball]

"It will put the nation on the slippery slope to Socialism." That is what some arsehole says is why they voted against. They fail to see how their carefree, unmarshalled capitalism has thrown us all into a hole. I long for socialism to appear for the first time.

 

[Fred Oliver - Legend]

whats socialism?

 

[Uncle Spielberg]

The Ironic thing is the USA economy and state and the whole Western Capitalist World are on their knees and on the edge of totally implosion and Bin Laden hasn't even had to leave his grotty little Cave. He will be over the Moon.

 

[British Bulldog]

whats socialism?

It's where you do a lot of socialising I guess.

 

[Fred Oliver - Legend]

cool, anyone for a pint?!

 

[hillbilly]

Now whilst among others I am no expert, if my CEO & Chairman in the US said last week that if congress did not accept $700bn it would be very grave news, I am also very concerned.

 

[Beach Hut]

Trouble is just chucking money at this is not the right answer and will create far worse situations at a later date.