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Friday, October 3, 2008

UNITED STATES BAIL OUT VOTE FAILED

The world economy will be affected by the decision of the House of Representatives when it voted 228-205 to reject a Wall Street bailout bill that would have authorized the Treasury Department to spend up to US$700-billion to purchase broken mortgage-backed bonds from banks. How will the stalled capital markets jump-start now? My, i just wish that this would not spell a bank run in the next few days. To my friends out there, the stock market is volatile now. Extra careful in trading stocks, you might lose a fortune if you make haste decisions.

1 comment:

momie milette said...

i am definitely edgy because of this.

am i seeing wrong but this blog is showing a pr0 on my goole toolbar. but i just saw an entry of yours that you already have a pr2?