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[Lizzie_Zoom]

When some of the banks fail,

credit interest rates will rise up automatically..And as they give

important sums of credit to food sector, you will eat food more

expensive..And this the best scenario ,let the worst :-/

Indeed Cem the 'knock on effects' could be devastating around the World.

[Field Marshal Dr. Opti]

Presumably , some of the 700 billion dollars will find it's way to reward the incompetence, ineptitude and above all greed of the powers that be within the banking system.
And if 700 billion dollars does not solve the problem........what then? :-/

[cem_devecioglu]

When some of the banks fail,

credit interest rates will rise up automatically..And as they give

important sums of credit to food sector, you will eat food more

expensive..And this the best scenario ,let the worst :-/

Indeed Cem the 'knock on effects' could be devastating around the World.

In year 2000 when we have the shockwave at the very first day

nightly interests rates hit the 10,000 % (converted to year) number

that most of you will look (eyes touching the screen) and dont

believe

And the price of fuel tripled (3X) in one day..

at the end of first week my salary was dropped to 1/4 in real value

after my bank collapse (government injected money)  too many people loose the job (especially the high salary IT and technic staff)
etc etc ..What happened after is a long story..

[LaserLance]

what do they say " if the american stock market sneezes the uk catchs a cold !, more with this the yanks have the flu the rest of the worlds gonna get pneumonia " bit scary this

[Lizzie_Zoom]

Latest!!!

President Bush has now stated there is just 36 hours to get the emergency financial package through Congress before the US financial markets / industry could "close down" in panic!  The situation is dire.

But it is going to cost every American $2,333.

This is still getting worse!

[LaserLance]

didnt the american public just all get large tax rebates not so long ago ?

[Lizzie_Zoom]

didnt the american public just all get large tax rebates not so long ago ?

Indeed Lance, I believe they did!

Purely a political "vote buying" exercise at the time, which of course now seens very hollow and pointless!

[albitz]

Presumably , some of the 700 billion dollars will find it's way to reward the incompetence, ineptitude and above all greed of the powers that be within the banking system.
And if 700 billion dollars does not solve the problem........what then? :-/

The money is to allow the U.S. Gov. to buy the high risk debt from the banks and allow the banks to start trading again with a fresh start.
the liklehood is that the gov.will recover most of the money from the debtors in the long term.
I would imagine that congress will want to scrutinise every cent,to make sure that the money has gone to where it was intended.

[cem_devecioglu]

Latest!!!

President Bush has now stated there is just 36 hours to get the emergency financial package through Congress before the US financial markets / industry could "close down" in panic!  The situation is dire.

But it is going to cost every American $2,333.

This is still getting worse!

easy..increase the fuel price 1.5 £ /liter like us..

now justice for all

[Dusty]

Latest!!!

President Bush has now stated there is just 36 hours to get the emergency financial package through Congress before the US financial markets / industry could "close down" in panic!  The situation is dire.

But it is going to cost every American $2,333.

This is still getting worse!

easy..increase the fuel price 1.5 £ /liter like us..

now justice for all

Like it Cem. Equality for everyone Hoorah

[cem_devecioglu]

Latest!!!

President Bush has now stated there is just 36 hours to get the emergency financial package through Congress before the US financial markets / industry could "close down" in panic!  The situation is dire.

But it is going to cost every American $2,333.

This is still getting worse!

easy..increase the fuel price 1.5 £ /liter like us..

now justice for all

Like it Cem. Equality for everyone Hoorah

yep..believe me it hurts really bad (ooof my backside)

[Lizzie_Zoom]

Well it looks as we are not there yet in obtaining the financial safety net that the US Government emergency $700 billion bail out package will provide!

Why, because talks have stalled due to very strong objections from the Senators belonging to Bush's very own Republican Party!


Politics is taking its usual part in a weird but highly crucial financial act that affects us all.

Looks like the officers of the Titanic are arguing if they can afford to launch the lifeboats with many of the passengers not happy that they will be paying for them eventually.  Maybe they are thinking better to be dead than in the red?

Strange really when their National Debt is in the trillions of Dollars!

[Field Marshal Dr. Opti]

Well it looks as we are not there yet in obtaining the financial safety net that the US Government emergency $700 billion bail out package will provide!

Why, because talks have stalled due to very strong objections from the Senators belonging to Bush's very own Republican Party!

Politics is taking its usual part in a weird but highly crucial financial act that affects us all.

Looks like the officers of the Titanic are arguing if they can afford to launch the lifeboats with many of the passengers not happy that they will be paying for them eventually.  Maybe they are thinking better to be dead than in the red?

Strange really when their National Debt is in the trillions of Dollars!

Strange really.We have the republicans who love the city and big business not willing to help with the bail out as it could be seen as a socialist act.............and yet it seems that the democrats wish to help save the skins of some greedy wall street fat cats.
From what I see on T.v the american people don't seem to keen to save what they see as a bunch of greedy bankers. :-/ :-/

[Lizzie_Zoom]

Well it looks as we are not there yet in obtaining the financial safety net that the US Government emergency $700 billion bail out package will provide!

Why, because talks have stalled due to very strong objections from the Senators belonging to Bush's very own Republican Party!

Politics is taking its usual part in a weird but highly crucial financial act that affects us all.

Looks like the officers of the Titanic are arguing if they can afford to launch the lifeboats with many of the passengers not happy that they will be paying for them eventually.  Maybe they are thinking better to be dead than in the red?

Strange really when their National Debt is in the trillions of Dollars!

Strange really.We have the republicans who love the city and big business not willing to help with the bail out as it could be seen as a socialist act.............and yet it seems that the democrats wish to help save the skins of some greedy wall street fat cats.
From what I see on T.v the american people don't seem to keen to save what they see as a bunch of greedy bankers. :-/ :-/

That's right, and from their point of view can you blame them?

[cem_devecioglu]

Well it looks as we are not there yet in obtaining the financial safety net that the US Government emergency $700 billion bail out package will provide!

Why, because talks have stalled due to very strong objections from the Senators belonging to Bush's very own Republican Party!

Politics is taking its usual part in a weird but highly crucial financial act that affects us all.

Looks like the officers of the Titanic are arguing if they can afford to launch the lifeboats with many of the passengers not happy that they will be paying for them eventually.  Maybe they are thinking better to be dead than in the red?

Strange really when their National Debt is in the trillions of Dollars!

Strange really.We have the republicans who love the city and big business not willing to help with the bail out as it could be seen as a socialist act.............and yet it seems that the democrats wish to help save the skins of some greedy wall street fat cats.
From what I see on T.v the american people don't seem to keen to save what they see as a bunch of greedy bankers. :-/ :-/

That's right, and from their point of view can you blame them?

what they dont know is whatever happens, at the end the public pays the bill