Quote:
Originally Posted by GeoffW1
Hi,
I am definitely with you on principle, but we are forced to take a bit of notice because of the (I think) unfortunately magnified effect it will have on us through the markets.
I wonder, if the US had not spent squillions on arms and war in Iraq (much of this money leaves the country), would it then have barely noticed the current market downturn. I really do want to fire them (Alan Sugar fashion - "you're a FAILURE") as the leaders of the free world (sorry to IIS yanks, but that's the truth).
I see the biggest banking failure in US history has happened today. Ooohh what does it mean for us?
No cheers this time
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I think is obsene that these failed banks and insurance companies are going to be able to sell the bad "instruments" (dodgey loans) to the USA federal gov at a profit no less , and there is no bugger all being done to help the victims of these crooks .... YES CROOKS !!!
Bailing out these companies is big blunder , they should have been allowed to fail , OR the banking and insurance sectors in the USA socialised completely.
It is pretty dumb for the Bush Jr and PTY LTD and his pal McCain and their cronnies to blame the Democrats for this economic debarkle when they have had the power to change things and did SFA for 8 years.