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.
:eek:
(I dont make this stuff up.)
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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.
:eek:
(I dont make this stuff up.)
I thought it was $700 Billion?
Yes, you are right NewsreadeR
$700 Billion
These sums are now so large they're almost meaningless
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)