 |
 |
Wall Street fall spreads to Asian markets
Press TV
Tuesday, Sept 30, 2008
Major stock markets in Asia have tumbled dramatically across the board after Wall Street’s biggest drop since the crash of 1987.
The Tokyo Stock Exchange’s Nikkei-225 index has dropped nearly 5 percent today. Similar falls were also seen in other regional markets.
Australia and New Zealand saw similar losses, with the S&P/ASX-200 index shedding 5.3% in Sydney and a 4.7% fall in Wellington.
(Article continues below)
Meanwhile, the Dow Jones index fell 7% and suffered its biggest ever one-day point fall, ending 778 down.
The US House of Representatives on Monday rejected a $700 billion plan seeking to rescue Wall Street.
US President George Bush is supposed to speak today in reaction to the representatives’ rejection of the bailout plan.
As the financial crisis spread, banks continued to collapse or be swallowed up by other institutions, both in the United States and Europe.
In the latest big agreement, Citigroup agreed to buy Wachovia Corp’s US banking operations for $2.2 billion.
Investors were stunned by the US lawmakers’ rejection Monday of a US$700 billion emergency rescue plan that would have allowed the government to buy bad mortgages and other sour assets held by troubled banks and other financial institutions.
But with elections in November, many US House representatives were reluctant to take the political risk of backing a measure that many American voters see as an unfair bailout for rich, careless investment bankers.
Republicans in the House, in particular, drew back at spending so much taxpayer money just before a presidential election.
Prison
Planet.tv Members Can Watch
Fall Of The Republic
Right Now Online -
Don't Miss Out! Get
Your Subscription Today!
CANCER CONSPIRACY? Are
"they" suppressing the cure? Will YOU
be the next victim? Learn
the Secret Truth! - READ FULL STORY
-
- Social bookmarks
- Email this article
-
- Print this page
7 Responses to “Wall Street fall spreads to Asian markets”
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | |||||||
| By N2H | |||||||||||||||||||||||||||||||||||||||||
September 30th, 2008 at 12:56 pm
PressTV lol…
Press TV is an English language international television news channel which is funded by the Iranian government, based in Tehran and broadcasts in English on a round-the-clock schedule. With 26 international correspondents and more than 400 staff around the world, its stated mission is to offer a different view of the world events.
September 30th, 2008 at 4:21 pm
it’s a global thing !!!!!!!!!!
http://www.youtube.com/watch?v=8rmQsA0mxwo
September 30th, 2008 at 4:41 pm
i would trust PressTV more that Fox news any day of the week, Iranian funded or not.
September 30th, 2008 at 4:48 pm
An Analysis Of The Change Issue
As yet another Presidential election season has come due, it is well worth noting that “change” has become a constantly recurring campaign slogan in American elections. Those intellectuals who opt to continue onward with such a tired refrain are well aware that very little will change for the betterment of the American public-at-large, in spite of the media-controlled flood of campaign rhetoric on behalf of the respective nominees.
Many Americans may well wonder, “Why is it that we desire change in the first place?”
Whereas the Constitution of the United States was originally fabricated in order to give the American citizens a simple guideline for their representative government, more than two- hundred years of incessant Legislation has produced a miasma of orders, acts, statues and laws that are repugnant to the Constitution – each time these ideas have been merged into public policy in the name of change.
read the rest @ http://beholdtheforce.blogspot.com/
October 1st, 2008 at 6:33 am
http://ca.youtube.com/watch?v=3rrWRNJ2lOs
October 1st, 2008 at 7:47 am
They want a fascist planet with the superwealthy ruling it all
Since we’re too independent, America must be led to fall
When our credit’s been exhausted to subdue the Middle East,
They’ll install our debtor nation in the body of The Beast
Traitor…Dare call it treason
http://www.youtube.com/watch?v=uw5dP5gy2Vs
October 1st, 2008 at 9:09 am
I don’t trust any of them. But I guess you have to read everything you can find and form your own opinion. Thank the Gods for the internet.