US House votes against $700bn bailout

abitlonely

Ikky Poo2 wrote: »

Not being the most knowledageable person about US politics, will this have an impact on the election? Will we see republicans going against McCain?

The plan is for McCain to rescue the day.

Darragh29

I had MBNA onto me a few hours ago asking me to make a payment, I was having a laugh with the girl on the phone as she was putting through my Laser card transaction, I asked her did she think they might be going t*ts up anytime soon, and give me one less bill to worry about! :D:D

Run_to_da_hills

damo9090 wrote: »

On a positive note oil has dropped $10 a barrel to $96.89.

Cheaper petrol??

Not at all, that will be all absorbed by the exchequer in the next budget :mad:

LEIN

Run_to_da_hills wrote: »

Not at all, that will be all absorbed by the exchequer in the next budget :mad:

Very true.

Jack Sheehan

Quickly, we need to find someone to blame! Protestants? Gays? Jews? Someone! Quickly!

murphym7

The 700 billion dollar knock back is one of the most serious things ever to happen(not to happen) to the world economy. We are heading towards serious trouble.

OPENROAD

murphym7 wrote: »

The 700 billion dollar knock back is one of the most serious things ever to happen(not to happen) to the world economy. We are heading towards serious trouble.

They will come up with another bail out plan possibly later this week imo.

Epic Issue

murphym7 wrote: »

The 700 billion dollar knock back is one of the most serious things ever to happen(not to happen) to the world economy. We are heading towards serious trouble.

I embrace it.

Darragh29

Jack Sheehan wrote: »

Quickly, we need to find someone to blame! Protestants? Gays? Jews? Someone! Quickly!

This guy beat ya to it!

http://www.thesignsofthetimes.net/videos/news/2008/20080924financialcrisis.html

Princess Consuela Bananahammock

Seemed to have climbed a bit towards the end there...?

copacetic

well tomorrow is a Jewish holiday so unlikely that a deal will be struck tomorrow, Thursday would be the earliest. US banks will struggle before then. They may have to cancel credit card lines for instance. Now that will start a proper panic.

LEIN

Darragh29 wrote: »

This guy beat ya to it!

http://www.thesignsofthetimes.net/videos/news/2008/20080924financialcrisis.html

He is about to k.o i think. Stressed red mush on him!

Slidey

Darragh29 wrote: »

This guy beat ya to it!

http://www.thesignsofthetimes.net/videos/news/2008/20080924financialcrisis.html

Its hardly cigarettes thats to blame??:pac:

Darragh29

slideways wrote: »

Its hardly cigarettes thats to blame??:pac:

Yip, auld Johnny Blue himself!!! :D:D

cormie

Can someone explain briefly what, if any, effect this will have on you and I as Irish citizens (people living in Ireland, never mind the fact were Irish).

Slidey

cormie wrote: »

Can someone explain briefly what, if any, effect this will have on you and I as Irish citizens (people living in Ireland, never mind the fact were Irish).

Your Transit defo wont start in the morning*






*this may or may not have anything to do with the topic at hand

Darragh29

It's gonna get to the stage where even Vodafone won't be givin ye credit!

Stephen

They'll just have another vote until they get the result they want, Irish style.

dresden8

Jack Sheehan wrote: »

Quickly, we need to find someone to blame! Protestants? Gays? Jews? Someone! Quickly!

They've already lined up the public service to take the rap for the bail-out not being passed.

ninebeanrows

Stephen wrote: »

They'll just have another vote until they get the result they want, Irish style.

The thing is even if it does eventually go through in a watered down fashion, it will not save Irish banks for failing, which one or 2 will do in the coming week i am sure.

The DOW JONES finished -770.59 (6.92%)

Does this mean they're going to prohibit alcohol again like they did in the last Depression? Where's my Al Capone hat.

shenanigans1982

Can we expect the dollar to drop in value tomorrow?...I need to take advantage of this situation in some way.

norbert64

do we know how the 2 big kahunas (Obama and McCain) voted?

Ciaran500

norbert64 wrote: »

do we know how the 2 big kahunas (Obama and McCain) voted?

They were both reluctantly for it yesterday, I assumed they voted for it.

Darragh29

An AH thread 6 pages long an nobody's mentioned YORE MA yet!?!?! Jasus it must be serious!

Stephen

Financial crises. Serious Business.

ninebeanrows

shenanigans1982 wrote: »

Can we expect the dollar to drop in value tomorrow?...I need to take advantage of this situation in some way.

No because Europe is just as fuked and Ireland is the most screwed.

It's only due to partisan reporting by our national broadcaster that there isn't more discussion on the dire state of the Irish financials.

Many are seriously in trouble and could fail.

shenanigans1982

Weathercheck wrote: »

No because Europe is just as fuked and Ireland is the most screwed.

It's only due to partisan reporting by our national broadcaster that there isn't more discussion on the dire state of the Irish financials.

Many are seriously in trouble and could fail.

This has nothing to do with the banks, I just want to get my spending money for my holiday.

I preferred the guy who said we were gonna get 4 dollars for a euro.

kraggy

Ciaran500 wrote: »

They were both reluctantly for it yesterday, I assumed they voted for it.

They didn't have a vote. They're both Senators.

The vote was in the House of Representatives.

Darragh29

Here's what I can't get my head around???

Say an Irish bank goes bust tomorrow and I have a mortage with that bank... Why don't the rules/legislation not just allow for my mortgage to cease there and then. "Sorry lads it didn't work out for yiz, just send me the deeds of my gaff please when yiz get a chance"???

Why are they not allowed to fail??? No other business is treated like this, health insurance companies have to keep reserves and are regulated, travel insurance companies have to be bonded, how come we are in this situation with the banks???