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View Full Version : Good news. No agreement on US bail-out !!



Cyberman
26th September 2008, 06:42
http://news.bbc.co.uk/2/hi/business/7636943.stm


Personally, I think they should let the market itself sort this out, and Central Banks should only lend to any remaining banks that are viable, purely to maintain liquidity.
Taking over the debts of these banking fraudsters is ridiculous. :tantrum:

swamp
26th September 2008, 09:24
http://news.bbc.co.uk/2/hi/business/7636943.stm


Personally, I think they should let the market itself sort this out, and Central Banks should only lend to any remaining banks that are viable, purely to maintain liquidity.
Taking over the debts of these banking fraudsters is ridiculous. :tantrum:

Isn't that precisely what they did (or rather didn't do) before the Great Depression?

ratewhore
26th September 2008, 10:54
blimey!!


and pleas from Treasury Secretary Henry Paulson, who reportedly knelt before the House speaker, Nancy Pelosi, and appealed for her support.

linky (http://www.timesonline.co.uk/tol/news/world/us_and_americas/article4829757.ece)

d000hg
26th September 2008, 11:27
Not good for anyone who bought banking shares on the news of this rescue plan.

BrilloPad
26th September 2008, 11:29
Isn't that precisely what they did (or rather didn't do) before the Great Depression?

I thought they kept interest rates high to avoid inflation and refused to pump extra money into the system?

gingerjedi
26th September 2008, 11:32
Not good for anyone who bought banking shares on the news of this rescue plan.

People who hoped to cash in on taxpayers money are no better than the shysters who caused this mess... flip em' :laugh

d000hg
26th September 2008, 11:59
If I'd bought shares in a UK bank I wouldn't be taking any US tax-payer money. Shares rose up to 50% when the announcement was made, on the assumption it was actually going to happen. Doesn't affect me personally but I'm sure some here have been playing at day-trading recently.

Peoplesoft bloke
26th September 2008, 12:23
If I'd bought shares in a UK bank I wouldn't be taking any US tax-payer money........

Depends what you mean by UK bank