Its all over

[Lord Bracknell]

Oil prices have fallen by 7.71 percent today.

They'll be dancing in the streets of Chelsea.

 

[Dandyman]

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

Surely these bankers just need to get on their bikes and look for work?

 

[El Presidente]

Oil prices have fallen by 7.71 percent today.

Q: What's black and says "bollocks"

A: Crude Oil

 

[El Presidente]

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

A lot of people stand to make a lot of money if the deal is accepted......but the taxpayer is not in that group.

 

[Uncle C]

Its a shame America didn't ban guns, as the've just shot themselves in both feet.

 

[Easy 10]

Q: What's black and says "bollocks"

Barack Obama in a few weeks time ?

 

[philsussex]

I don't really understand it

Nor do I. I just ignore it and hope that it goes away

 

[El Presidente]

Barack Obama in a few weeks time ?

Think he'll probably be hung by them if the rednecks get their way.

 

[El Presidente]

Nor do I. I just ignore it and hope that it goes away

I did that with Syphillis, but it didn't work

 

[Uncle Spielberg]

How amsuing that America's greatest enemy was not Bin Laden, Hussein, Almydinnerjacket or Even Putin it was their own domestic bankers in the end.

 

[Tom Hark Preston Park]

How amsuing that America's greatest enemy was not Bin Laden, Hussein, Almydinnerjacket or Even Putin it was their own domestic bankers in the end.

Seems like only yesterday when our merchant bankers were threatening to flounce off to the US if anybody dared suggest they were greedy fucks and should be taxed accordingly. It must be breaking what passes for their hearts not being allowed to go short on banking shares anymore. and the buy-to-let muppets suddenly looking none too clever either. Ha Ha.

[/

 

[Robot Chicken]

Breaking news from the Beeb

The lower house of the US Congress has voted down a $700bn (£380bn) plan aimed at bailing out Wall Street.

The rescue plan, a result of tense talks between the government and lawmakers, was rejected by 228 to 205 votes in the House of Representatives.

Members of President George W Bush's Republican party were strongly opposed to it. About two-thirds of them refused to back it.

Shares on Wall Street plunged within seconds of the announcement.

Mr Bush had earlier appealed to lawmakers to pass the bill, saying it would restore economic confidence.

A White House spokesman said that the US leader was "very disappointed" by the result.

He would meet members of his team in the coming days to "determine next steps", spokesman Tony Fratto said.

The BBC's Adam Brookes in Washington said Democratic leaders in the House were likely to try and convince a number of their members who voted against the bill to change their minds in coming days.

 

[El Presidente]

It must be breaking what passes for their hearts not being allowed to go short on banking shares anymore.

[/

They are allowed to go short via the use of derivatives, and are making a fortune doing so.

 

[Ernest]

Falmers f***ed for sure, wait for the announcement soon

 

[Amsterdam Albion]

If you had money to invest would you do it now thinking can the markets go much lower or would you sit tight and who knows what is going to happen?

 

[seagullsovergrimsby]

"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.

One Republican knobhead mentions the word "socialism" as a scaremongering tactic because in the USA they believe socialism equates to communism and now were on the verge of the 2nd Great Depression. Rumours abounding up north is that Yorkshire Bank maybe the next to go under as the banks dont want to lend to each other.

 

[Starry]

not quite over yet, aren't they negotiating and voting again? that is how i understand it from the news report on the bbc radio. they had someone on say that only 10 0r 12 votes need to change to pass the bill.

 

[seagullsovergrimsby]

if they pass the bill it still has to be ratified in the other house by Wednesday.

 

[Mendoza]

at least we can still afford one of these

 

[vitusvivi]

naaa gordon brown will be solid! We'll be okay!

hopefully...