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Author Topic: $700 bn - NO vote!  (Read 2120 times)

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Bandit127

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$700 bn - NO vote!
« on: 29 September 2008, 19:09:45 »
After a heavy day in the world of Finance, the vote on the $700bn isn't the foregone conclusion it seemed. It looks like the House Of Representatives has voted no. Blimey  :o :o :o
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Markie

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Re: $700 bn - NO vote!
« Reply #1 on: 29 September 2008, 19:17:09 »
Ooooh this is going to hurt the FTSE again tomorrow then  :(
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Re: $700 bn - NO vote!
« Reply #2 on: 29 September 2008, 19:20:20 »
that's worrying  :-/

we will feel the impact of this decision either in a positive of negative way.

I wonder if this is someone playing political games just to score points over the opposition  >:(
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Martin_1962

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Re: $700 bn - NO vote!
« Reply #3 on: 29 September 2008, 19:25:11 »
I wonder what will happen due to this - the US economy crashes?
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LaserLance

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Re: $700 bn - NO vote!
« Reply #4 on: 29 September 2008, 19:27:36 »
As Pvt Fraser said in dads army " WE're all Doomed"  :) what is it with polititions only ever seem to interested in themselves ,sod the rest im all right jack . string them all up from lamposts
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Banjax

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Re: $700 bn - NO vote!
« Reply #5 on: 29 September 2008, 19:32:29 »
Just read that - looks like the republicans didn't want to justify it to taxpaying voters! -  but it could easily trigger a worldwide panic/collapse  :o

maybe they're just grandstanding - making the government and the markets sweat a little before voting the bill through??
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theolodian

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Re: $700 bn - NO vote!
« Reply #6 on: 29 September 2008, 19:33:43 »
Quote
I wonder what will happen due to this - the US economy crashes?
First thing is the stock markets are expected to go down 10-15%.

There is ZERO money flowing through the financial markets, businesses can't get loans.  Not just construction, large equipment purchases, etc.  The worst will be the states, but it will affect everyone.  The dollar could tank, meaning that no one makes money out of the Far East and they make lots of money out of us.  That will ripple across Europe. Then there's no way out but down.
« Last Edit: 29 September 2008, 19:34:24 by theolodian »
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LaserLance

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Re: $700 bn - NO vote!
« Reply #7 on: 29 September 2008, 19:34:55 »
Bet the price of gold has gone through the roof ?
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Lizzie_Zoom

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Re: $700 bn - NO vote!
« Reply #8 on: 29 September 2008, 19:46:18 »
This can only greatly knock confidence in the financial markets still further and bring the necessary movement of money to a snails pace! :o :o :o :o

I do not want to sound all doom and gloom, which is hard not to now, but this could be an inevitable fiscal disaster of the magnitude of the 1929 Wall Street Crash which took until 1954 to be fully recovered from!

These are interesting times!  But most of us are just pawns now in a fantastic game of power politics and financial (mismanagement) games! :'( :'( :'( :'(

Like the Titanic there now seems little chance in stopping us from sinking, as we have already hit the ice burg! :o :o

[size=24]Oh well, up with the Revolution!!!  [/size]
Whats that song[size=24]"always look on the bright side of life, tdum tdum, t'dum.......![/size]! ;D ;D ;D ;D ;D ;D ;)
« Last Edit: 29 September 2008, 19:48:34 by Lizzie_Zoom »
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Bandit127

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Re: $700 bn - NO vote!
« Reply #9 on: 29 September 2008, 19:58:26 »
Quote
Like the Titanic there now seems little chance in stopping us from sinking, as we have already hit the ice burg! :o :o

I think we hit the iceberg some time ago.

What's happening now is we are working out how big the hole is and how to shore it up. The US just voted to let it leak so that we can see how big it is.

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Lizzie_Zoom

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Re: $700 bn - NO vote!
« Reply #10 on: 29 September 2008, 20:11:29 »
Quote
Quote
Like the Titanic there now seems little chance in stopping us from sinking, as we have already hit the ice burg! :o :o

I think we hit the iceberg some time ago.

What's happening now is we are working out how big the hole is and how to shore it up. The US just voted to let it leak so that we can see how big it is.


Who is suggesting we didn't? ::) ::) ;D ;D ;)
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Dusty

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Re: $700 bn - NO vote!
« Reply #11 on: 29 September 2008, 20:11:57 »
This situation is scary but exciting at the same time.
We simply just do not know what is going to happen in the next day or so. :-* :-* :-*
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LaserLance

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Re: $700 bn - NO vote!
« Reply #12 on: 29 September 2008, 20:24:38 »
heard on radio today that allen greenspan was the architect off all these problems but as that was one persons opinion and he seemed to say that gordon brown was a great beliver in greenspans message so looks like were in for a very bumpy ride , just glad i dont have a morgage cos i think the medicine is gonna be pretty unpalatable for a lot of people .
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cem_devecioglu

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Re: $700 bn - NO vote!
« Reply #13 on: 29 September 2008, 20:41:55 »
Quote
This situation is scary but exciting at the same time.
We simply just do not know what is going to happen in the next day or so. :-* :-* :-*

pandora box is open now :(

too many jobless, homeless people..increased taxes, bloody expensive food, fuel,gas etc..

I have never seen such incompetent governments whole my life including mine.. >:(   they say nothing will happen >:(

it already started and they are sleeping !
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STMO123

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Re: $700 bn - NO vote!
« Reply #14 on: 29 September 2008, 20:47:00 »
Quote
This situation is scary but exciting at the same time.
We simply just do not know what is going to happen in the next day or so. :-* :-* :-*

That is correct Dusty. Globalisation was the word on everyones lips last year, it's a pity no one can work out exactly how it operates. :)
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