OMG - America says "No!"

MiserlyMartin

Did you see Gordon Brown on the TV giving his reaction to the news?

He looked mega annoyed. He had that glum miserable face on but it was more annoyed than usual. There was no spin doctor false grin that he has been doing in recent interviews where he had borrowed Tony Blairs script writer. It was just mega annoyed and snappy in his statements which were like a broken stuck record. He said the same thing about 3-4 times in answer to 3 questions, which was if I remember rightly : "We will do whatever is neccesary to maintain stability in the system", "Its the right thing to do" etc

Brown is like a parrot saying the same things in every interview. What a moron.

baby_boomer

It gets worse for the Americans

Surgeon says Tiger Woods will be out for 2 years

MiserlyMartin wrote: »

He said the same thing about 3-4 times in answer to 3 questions, which was if I remember rightly : "We will do whatever is neccesary to maintain stability in the system"......

......Brown is like a parrot saying the same things in every interview. What a moron.

I'm no fan of the great man, but for once, it's probably the right thing to repeat ad nauseam at this time.

baby_boomer

baby_boomer wrote: »

But the Republicans in favour still managed to blame the "partisan" Democrat leader for its failure .

So what did Democrat Nancy Pelosi actually say that apparently put off Republicans from voting for the bill that the Republican leader himself described as a "crap sandwich" :rotfl:.

Guardian

"....In her speech to the House yesterday, she delivered a broadside against seven years of "budgetary recklessness" by the White House for creating America's economic mess."When was the last time someone asked you for $700bn?" she asked.

"It is a number that is staggering, but tells us only the costs of the Bush administration's failed economic policies - policies built on budgetary recklessness, on an anything goes mentality with no regulation, no supervision and no discipline in the system......"

I see. She told it how it is. Oh dear .

mrstinchcombe

America sees sense!

baby_boomer

Independent

Just in case anyone is going to bet their life savings on the stock market tomorrow, a cautionary word from Chairman Mao might be appropriate in this crisis of capitalism.

"It is always darkest just before it is completely black"

And is this pessimism or optimism?

Kaletsky in the Times

The bail-out will go ahead in one form or another - otherwise every major US bank will fail :eek:

"....For the rest of the world, particularly for Britain, a definitive collapse of the US bailout would mean nationalisation of all leading banks, insurance companies and other financial institutions – and that unthinkable international impact is another reason why we can be fairly certain that a bailout of some kind will be passed quite soon...."

Gerard Baker in the Times

"....Yesterday, not for the first time, the US Congress took a fateful step towards driving the world over the cliff"

rchddap1

Morning folks. I wonder what 'dramatics' we will see today. Hopefully not another british bank going the way of the fairies....but after last night its becoming more possible.

baby_boomer

Citywire

London seen as opening down 180 at 4640 - "only" another 4% off.

rchddap1

Oh is that all. Not a bad result for the moment. Could be loads worse

beaujolais-nouveau

baby_boomer wrote: »

Kaletsky in the Times

The bail-out will go ahead in one form or another - otherwise every major US bank will fail :eek:

"....For the rest of the world, particularly for Britain, a definitive collapse of the US bailout would mean nationalisation of all leading banks, insurance companies and other financial institutions – and that unthinkable international impact is another reason why we can be fairly certain that a bailout of some kind will be passed quite soon...."

But see one of the comments on the Kaletsky article, by a Brit on a business trip to the US. He says that "I am struck by just how angry a large number of people are, including many academics, at bailing out a massive failure by Wall Street individuals, who profited. Little discussion of global impact !" I think, between GWB's absolutely nil leadership and the average American's ignorance about anything outside the US, the worst is guaranteed to happen.

mewbie_2

I see FTSE is currently slightly up! "Who needs a plan anway when you can gamble with other people's pensions" said one merchant banker.