House Votes No

**Costaconsoles** · 29-09-2008, 07:17 PM

Hmm anyone else watching this?

Washington says no to the proposed bail out of Wall St, was watching the shares as it was announced, going down quicker than Derby County.

D M · 29-09-2008, 07:21 PM

DOW was -700, up to -500 now. Can't see it being the end of world tho.

**Costaconsoles** · 29-09-2008, 07:25 PM

Hopefully not no, think alot were expecting it to go through even with alot opposing it.

cbeebies · 29-09-2008, 07:37 PM

US is going to a long and painful recession.

Consequently, the world economic is going down as well.

**Pete** · 29-09-2008, 07:41 PM

We'll be OK as long as we can go to China to borrow.

.

cbeebies · 29-09-2008, 07:48 PM

We have lost quite a lot since Lehman Brothers went bankruptcy, and more US banks meltdown. I think our government will not be stupid again to lend money to an idiot.

D M · 29-09-2008, 08:24 PM

Apparently the 700 drop was a record points drop on the DOW.

Quote:

The government's top economic experts warn that, without immediate action by Congress, America could slip into a financial panic and a distressing scenario would unfold.

That was Bush last week. So we've got a financial panic and a distressing scenario to look forward to.

EDIT

Back to -700.