The U.S. House of Representatives approved a $700 billion (396 billion pound) bailout package for U.S. banks, under pressure from all sides as the effort to head off a spreading financial crisis hung in the balance.
The House approved the financial rescue plan by a vote of 263-171, sending the measure to U.S. President George W. Bush and concluding two weeks of legislative haggling in Congress that had roiled and captivated global markets.
Quite apart from the fact that this is just money for the banker wankers that is coming out of the fucking taxpayers' pockets, the fuckers have managed to avert an even bigger crisis in Europe:
It turns out that European regulators have allowed even greater use of "off-books" chicanery than the Americans. Mr Paulson may have saved Europe.
Fuck. Fuck. FUCK!!!!
3 comments:
Something has been done !
I know that it's giving money to the "banker wankers"... But look on the bright side - it means that you, me and tens of millions of others might still have jobs in six months time.
Pogo,
$700 BILLION has just been stolen from honest, hard working taxpayers. $700 Billion that would have given them healthcare
It has been given, in effect, to Goldman Sachs to allow them to cripple any other bank, drive down their share prices and then force a fire sale.
The man doing this is the ex CEO of Goldman Sachs. A certain Mr Paulson.
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