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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Silhouette_sml
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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Yul's Rating

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3.7

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3.5
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4.0
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4.0
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3.0
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4.5
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4.0
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5.0
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