Friday, September 26, 2008
Some heavy reading for the weekend
The City is bracing itself for a "Black Monday" meltdown after President Bush admitted he had failed to land a bank bail-out deal. Senior market figures said the FTSE-100 could fall by between 600 and 1,000 points when the stock market opens next week if no deal is forthcoming. The frightening prospect of a collapse to match the 1987 crash was raised as George Bush confirmed that he had not yet been able to persuade senior Republicans to back his $700 billion rescue plan.