Crisis slams European banks, stocks as world awaits US vote

Agence France-Presse | Sep. 29, 2008 (News Report)

NEW YORK (AFP) - US lawmakers agreed a 700-billion-dollar bailout of financial groups, but the financial hurricane slammed into European banks and global markets Monday amid doubts over whether the deal would get through Congress. Full Story »

Posted by Yul Baritugo

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Subjects: U.S., World, Business
Topics: U.S. Economy, Global Economy, Finance
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Posted by: Posted by Yul Baritugo - Sep 29, 2008 - 8:02 AM PDT
Reviewed by: Yul Baritugo (review), Derek Hawkins (review), Kaizar Campwala (review)
Edit Lock: This story can be edited
Edited by: Kaizar Campwala - Sep 30, 2008 - 12:48 PM PDT
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3.7
 by Yul Baritugo - Sep. 29, 2008

It gives a shap shot of what's happening worldwide and why the $700 B bailout is no longer relevant. The Brit move to bailout Bradford and Bingley already represents a third of the proposed US money earmarked for the massive bailout...it means therefore that quite simply $700 B may not be enough!!!

Yul posted this story.
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3.5
 by Kaizar Campwala - Sep. 30, 2008
See Full Review » (11 answers)
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3.4
 by Derek Hawkins - Sep. 29, 2008
See Full Review » (9 answers)

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