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Congress Rejects Bail-Out Plan

Posted By admin On September 29, 2008 @ 12:05 pm In Featured Stories | Comments Disabled

Sky News [1]
Monday, September 29, 2008

The House of Representatives has voted against the $700bn bail-out plan for the US economy – sending the Dow Jones plummeting.

The Dow Jones immediately crashed by 6% on the news.

Earlier, in London, banks including HBOS, Lloyds TSB and RBS were among the FTSE 100′s biggest fallers.

The index of the UK’s top 100 companies closed down 5.3% at 4818.8 – the lowest it’s been since April 2005.

As concerns about the bail-out grew, central banks agreed to pump an extra $630bn (£350bn) into the money markets to restore confidence in the system.

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URL to article: http://www.prisonplanet.com/congress-rejects-bail-out-plan.html

URLs in this post:

[1] Sky News: http://uk.news.yahoo.com/skynews/20080929/twl-congress-rejects-bail-out-plan-3fd0ae9.html

[2] US bailout vote: George Bush warns of ‘lasting’ damage if Congress rejects plan: http://www.prisonplanet.com/us-bailout-vote-george-bush-warns-of-lasting-damage-if-congress-rejects-plan.html

[3] Taxpayers set to hand over MORE cash to bail out Britain’s failing banks: http://www.prisonplanet.com/taxpayers-set-to-hand-over-more-cash-to-bail-out-britains-failing-banks.html

[4] U.S. Taxpayers Are Paying to Bail Out FOREIGN Speculators: http://www.prisonplanet.com/us-taxpayers-are-paying-to-bail-out-foreign-speculators.html

[5] Bush: ‘Bail-out plan will be passed’: http://www.prisonplanet.com/bush-bail-out-plan-will-be-passed.html

[6] UK banks could be shut down or forced into bail-outs by Brussels: http://www.prisonplanet.com/uk-banks-could-be-shut-down-or-forced-into-bail-outs-by-brussels.html

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