Friday, Sep 26, 2008
Its Big.
BBC news: Bush says bail-out will be passed
President George W Bush has said that legislators will "rise to the occasion" and pass the Wall Street rescue plan.
In a statement he said that are still disagreements because, "the proposal is big and the reason it's big is because it's a big problem".
Posted by sold out @ 03:16 PM (996 views) Add Comment
13 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. mark said...
are they all taking viagra?
2. Lloyd said...
This dope also said "Mission Accomplished!" in Iraq in 2002?
3. plato said...
Q :- George How much is $700bn ?
A :- "Big"
4. Cosmocat said...
He is sounding more like Forest Gump every day !
5. techieman said...
OBVIOUSLY it will be passed, all the rest is just posturing for the deal.
6. plato said...
What do you reckon techieman?.......... Another weekend stunt?
7. sneaker said...
http://www.lewrockwell.com/paul/paul481.html
http://www.lewrockwell.com/paul/paul479.html
8. Unbeliever said...
This all feels like the scene from Goldmember when he had no idea about the value of money
http://www.youtube.com/watch?v=jTmXHvGZiSY
9. techieman said...
im reckoning on a "turnaround tuesday" next week, but you could be right. I also did a few quid on some calls today - just in case.....
10. jack c said...
@techieman - I hear Bell Lawrie's veteran investment director Bryan Johnston has warned that the FTSE could shed 1,000 points by Monday and a complete breakdown in the banking system could ensue if Hank Paulson's $700 billion market bail-out fails - have you got this angle covered?
11. techieman said...
hey jack. No i havent got it covered because i dont think it will happen. If hes right then really im not sure that it would matter that much, which is why i dont think it will. By it wont matter i mean that it would be like Winning on a horse but being paid out in Zimb $. Im not saying that its not important - i just mean the trade wont be important. So yes turnaround tuesday may be too late :-). I dont mean socially or economically its not perceived to be important that it passes. But even if it does i think it only buys time - lets face it if this fails what else can they do? It might just be my "B" wave after all! Anyway Im trying to win the Euromillions :-). What do you think - in general i mean not re the Euro millions!
12. planning4acrash said...
What can they do? The Eastern Countries like China are talking of a new regional currency. The Amero can be produced like a Phoenix from the ashes, by the barrel of a fima gun, or, a fima AMERO credit card?!
13. jack c said...
@techieman - I think they will definitely come up with a package over the weekend (maybe not quite what was first proposed but a slightly diluted version) - in the long run however I think we are just delaying the inevitable and that the various markets will adjust to their own levels - interesting times ahead to say the least. If my family Euromillions ticket comes good tonight I'll be fairly busy in the next few months spreading the cash over dozens of institutions (LOL)