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    Rosh Hashanah or World Financial Meltdown.

    This is a discussion on Rosh Hashanah or World Financial Meltdown. within the General chat forums, part of the Community channel category; Newsflash! The US Senate are delaying the vote on the $700 BILLION rescue. The reason for this is that some ...

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      Rosh Hashanah or World Financial Meltdown.

      Newsflash!
      The US Senate are delaying the vote on
      the $700 BILLION rescue.
      The reason for this is that some Senators want to go
      home for the holy Jewish Rosh Hashanah holiday.

      (I dont make this stuff up.)
      Last edited by murdock; 28-09-08 at 09:55 PM. Reason: sum corrected


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      Re: Rosh Hashanah or World Financial Meltdown.

      I thought it was $700 Billion?
      ~ Never, ever, argue with an idiot. They'll drag you down to their level and beat you with experience ~

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      Re: Rosh Hashanah or World Financial Meltdown.

      Yes, you are right NewsreadeR
      $700 Billion
      These sums are now so large they're almost meaningless

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      Re: Rosh Hashanah or World Financial Meltdown.

      The B&B baleout (on top of NR) now saddles everyone in the UK with the equivalent of a 5,500 mortgage. The US $700bn baleout is the equivalent of every US citizen having a mortgage of about 2,750. Our problems are worse because the solidly well run Building Societies dashed to become Banks. They've all now either gone bust or become part of a much bigger organisation.

      Savers are safe. Shareholders have lost their money. Senior Managers stand to get big payouts (Adam Applegate of NR walked away with over 1m for his masterful supervision of the total NR disaster - which would have gained 10/10 if it had been a school project)

     

     

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