Wall Street reacts to US bail-out rejection - 29 Sept 08

[11hbk11]

why cant i see the video

want to chat with singles 7A

[bragladish]

I know, it makes me sick to my stomach, it reminds me of a story, during the second world war, at the end of the war, they didn't let Germany surrender for an extra two weeks the killed each other in the field, just so they could give Germany's Royal family time enough to get their money and assets out of the country. Weird world.

[HemiHead66]

They rejected the bailout so they could make a killing shorting the market. They did the same thing yesterday with the auto industry bailout. Then you got Bush's boy Cox at the SEC calling for a temporary ban on naked short selling when it's 100% illegal. Two years ago they were throwing people in jail for it, now Wall Street's finest are allowed to reach in to the market with both hands and grab as much cash as they can carry and nobody says a thing.

[carlawon]

why do you think other nations meet with the u.s to talk about the financial issues? because countries like china are greatly effected. do some research!

[carlawon]

powerfulchinaforever.. idiot!

if u.s economy falls china will lose a serious amout of income.

if the united states growth stopped it would effect the globe.

[qwakej]

I am a qualified computer operator, out of this , am I going to be able to find a job once finished with school?

Most of the people are broke because they did it to themselves. Its no one's fault.

I been on top a long time ago and I am working my way back up to say I can, but no one owes anything to no one.

I agree with fuq the bail-out

[bassin419]

The people should not pay them a dime they keep saying it bad but is it as bad as they say.fact is no its only bad for them for screwing people over the government(all the people) owns the property so sorry wall street, fannie, freddy pay your own debts you expected us to while you screwed the people now how does it feel. sieze there accounts all of the owners, ceo, ect... and pay there debts.give the people the money if your going to give money!

[slav9]

Fuck'em wall street robbers.

[dregothic]

People don't realize that if the US economy tanks the rest of the world will. One good example is Japans market. Every time we take a dive they get hit worse.

Its going to be sad to see what may happen. I have been trying to get a personal loan for the past year plus and haven't been able to. So either ay we are screwed.

[PowerfulChinaForever]

well just because the us's ecomony is falling doesnt mean every other country's economy will fall. china is not effected by it. in fact their economy grew 10% so far this year compared to last year.

[dregothic]

Wow. Thats just interesting. They can show groth. A lot of countries do show gorwth even through our worse. But if the US economy does fall I guarantee you that the worlds economy will hurt and then follow.

Why do you theink the Great Depression hit not only the US but the world?

[PowerfulChinaForever]

well the point i was getting at was that the US economy is falling because of countries like china which is an extreme exporter but small importer. china, india, and economy based countries are making US and south korea fall economy-wise.

[dregothic]

This is true. But id the US economy falls the next two in line would be Europe and Japan. Nd if there is a recession or Depression China and the others will feel it since the US and Europe are the biggest importers of their products. And that would start a fall in their economy.

[PowerfulChinaForever]

"US and Europe are the biggest importers of their products" so therefore, since china makes products cheap for themselves, they would still be able to live on. but for US and EU, their products would be way more expensive because its domestically made, in fact the price range would be 4-5 times more and their economy is dropping so theres an huge hole for most large democratic economies.

[dregothic]

If China lost their largest source of income they would not fare well. Doesn't matter if they can make the products cheap for themselves. Its like a country that exports oil only and makes its money that way then all of the sudden no one neds the oil. Their economy drops and sure they can use it themselves but there is not as much money to be made that way.

[PowerfulChinaForever]

if usa actually stops trading with china, their products would be rare and harder to get. and china still got india, russia, in fact most of the world's countries will still trade with china since its the biggest exporter so china is going to be fine.

[Patriotintears]

lier lier pants on fire

[navyman0290]

check this out , DOT commies bought houses in cali that was worth 100 thousand for millions at auctions , then the DOT COMMIES wwent bust , leaving the banks with bad loans , they were giving the DOT COMIES money like water they did not have , then Obama , PRESIDENT clinton passed laws for Sub prime loans, then the banks started fraud with fake appraisals , and the BROKERS real estate agents seen the cash cow , the debt was passed on to bush , now to the American people stand up now america

[zalmi1]

One thing I don't think I'll ever understand..

If so many people in congress and the senate and the administrations, and everywhere in this country opposed this bill..how did it still get passed?

[alwaysright69]

Obama is the 2nd BIGGEST RECIPIENT of Fannie Mae soft money. Recipients of Fannie Mae - Freddie Mac Campaign Contributions:

Dodd Christopher $165,400

Obama Barack 126,349

Kerry John .. 111,000

Bennett Robert .. 107,999

Bachus Spencer 103,300

Reed Jack .. 78,250

Reid Harry .. 77,000

Clinton Hillary .. 76,050

[deldelgary]

While the bailout bill has been stuffed to the gills with tax breaks, one group not included in the list is nearly 800,000 laid-off U.S. workers. That's how many stand to run out of unemployment aid on Sunday if Congress fails to pass an emergency extension of jobless benefits this week.

Senate Majority Leader Harry Reid (D-NV), said yesterday that Senate Republicans had "balked" at an attempt to attach an unemployment-benefits extension to the Wall Street rescue.

[rumblefishsophia]

google 800 billion amero sent to china happened this week..american dollar ends!!!

[copcake]

WOW>

[bankruptfeller]

It seems to me, keeping in mind that EU, Asia, US etc have been bombarded with information about global warming etc that this guy unknowingly predicted the crisis USA and the rest of the world is in currently.

watch?v=zORv8wwiadQ

It stunned me!

[Stoocatso]

Perhaps US Citizens should watch their celebrities less and their government more. Maybe you should ask the Brits to take you back...you tried...you didn't make a go of it...

[BarkyVonSchnauzer1]

Democrats are responsible for the mortgage crisis! First the "Community Reinvestment Act" with Carter, then continuing with Clinton in 1999, which FORCED banks to give loans to risky people - BASED ON SKIN COLOR! Bush & McCain repeatedly WARNED of financial disaster regarding Fanny Mae/Freddy Mac & what thus became the '08 financial crisis! Democrats, however kept to their party line, extending loans to people who couldn't afford them, just like you would expect of socialists! PATHETIC SHAME

[SupportDavidDuke]

Stop these insane policies that are destroying our country. Support David Duke and our struggle to turn things around!

[jayleeds2006]

"Bail out bonds" Instead of the gov. using our tax money to mop up the wall street mess, the gov. should issue bonds that will allow American/foreign individuals&companies to participate in the bail-out BY CHOICE and see a return on their investment. Regulation! The gov should post-regulate, that is force predatory lenders to refinance the foreclosed mortgages at the initial interest rates the borrowers were able to pay in the 1st place and let them back into they're homes. It's only PAPERWORK!!

[saywick]

President George W Bush , Treasury secretary Henry Paulson and Federal Reserve chairman Ben Bernanke have warned repeatedly that failure to pass the legislation would lead vital credit markets to seize up, forcing employers to lay off employees, plunging the economy into recession and perhaps even another Great Depression. ????

How is this possible if you already have 700 BILLION tax dollars?

[Man2be23]

And BigMe1981 should pass some of that good stuff hes smoking....

[Man2be23]

I agree with deldelgary,

We are not going into depression. It's just another change to our evolving country. We are approaching a newer tighter market and the same way it grew it can adjust. We are way before that time, the market will settle in with an occurring change. No need for a full bail out, there are always new alternatives, like natural energy evolving for cars. Same creative ways of thinking, new changes. Do you agree with the bail out plan? -MannyFresh

[HabeusCorpus1]

F1Reporter,you are right however,

B.Bernanke,'if we are in a boat together it has a hole and we are sinking,out of pride you will not help get the water out of the boat,we both die'.

Your are right,like i said USA has had $7trillion on mortgages in 4 years,this is going to take a whole lot more money,but this is your economy,and you can apportion blame later,if you have 10-20% unemployment because of the blame game you all suffer.

[F1Reporter]

The American Public are being softened up for a huge rip off. If you think 700 Billion is a lot you wait til it gets to 2000 billion next year! The vote failing yesterday was just part of the scam so you all start thinking '..maybe we should do something to help..' Do not be fooled - hold your nerve - these Vampires only stop when there is no blood left!!!!

[deldelgary]

Let financial institutions fail, merge or be bought out. The faltering institutions will see their shares devalued and will be likely to be taken over by stronger institutions — as has already started happening. This consolidation of the financial sector is both efficient and inevitable; government action can only delay the adjustment.

[vbaity1]

No Bailout for Wall Street! No Way! The little people have been feeling the hurt of the ecomony for quite some time now. Our Furniture, textiles, manufacturing, and other jobs have gone overseas. They were not bailed out. Why would anyone agree to bail out the bankers and wall street? Why would anyone leave behind a massive debt that not only we will end up paying but our children and grandchildren. This is madness. The reason the bailout didnt go through is because of ALL of US Screaming NO!!

[HabeusCorpus1]

Bush cried wolf over WMD,this time he was telling the truth.

[HabeusCorpus1]

With all due respect USA is in a world of trouble now.

If you have a job in USA you may be lucky in a years time,DOLLAR LIBOR hit 11% last night that means if USA business had to borrow money for payrolls massive yesterday they are going to have to make cuts,and deep ones,huge unemployment is coming for USA.

[triumphprint]

i'm glad the bailout did not go through. Sounds like all the rich people on top will lose tons of money and that the economy will stablize itself. if i am wrong, someone please explain it to me.

[inachu]

If either case we go deeper in a resession would this mean that NAFTA will be dead and more americans would be against H1B and L1 transfers? I hope so.

[faroclau]

"chant down babilon"

bye,bye

[hymnsing]

Wow - YES, Thank you Congress. These people WOKE UP at last to the Criminal Element in the White House and Wall Street. I am reading the Jeff Rense website every day for great articles on what's realling going on, by all kinds of people. HOPE FOR AMERICA, according to new essay by Benjamin Fulford. We are at the Crossroads of a great future. Keep the faith, Baby!

[Mardasee]

Let it crash. Let us learn the hard way, meaning next time maybe we won't piss our money away on bad loans and pipe dream adventures

[poksweet1213]

The bail out failed because it wasnt enough, it should have been 2 trillion dollars at the very least.

If they really want to make sur it passes, better make it 100 trillion dollars.

Oh shit, thats right when the numbers get so big, everything losses value and becomes worthless doesnt it, like zimbabwe.

700 billion, thats already hyper inflated amount. I feel for you americans, the cost of living gonna skyrocket for you guys it seems.

[MediaWatch007]

Fun Fact for you Jewish Lovers and Haters:

Ben Bernake is only one of a series of Jewish Men that served as Governors of the Federal Reserves.

Its funny and sad. Wikipedia Ben Bernake and keep clicking on "predacessor" their all JEWISH MEN!!!!!

And we Americans scoff and the middle eastern people telling us our country is run by jews...is it not?

[heyazzhole]

this happened because uneducated person as yourself has no idea what was happening. Politicans both sides of the isle decided this feel good everyone should own a house the Democrats really pushed for the banks to lend to anyone regardles if they could pay it back shit head

[BillB808]

spat causes massive fallout...7 European banks got nationalised yesterday because some idiots decided to have a playground spat. They built it up then caused the markets to crash...it took Japan 10 years to recover when theirs went in 1990, and they just caused a decade of worldwide economic woe...Fine if they don't want americans to buy toxic shares..just don't build it up then have a stupid argument, cut rates, print money..international decision next time, this is the last by fools

[Daritto7117]

Fun Fact for you Jewish Lovers and Haters:

Ben Bernake is only one of a series of Jewish Men that served as Governors of the Federal Reserves.

Its funny and sad. Wikipedia Ben Bernake and keep clicking on "predacessor" their all JEWISH MEN!!!!!

And we americans scoff and the middle eastern people telling us our country is run by jews...is it not?

[MediaWatch007]

very true mate very true.

[Daritto7117]

Fun Fact for you Jewish Lovers and Haters:

Ben Bernake is only one of a series of Jewish Men that served as Governors of the Federal Reserves.

Its funny and sad. Wikipedia Ben Bernake and keep clicking on "predacessor" their all JEWISH MEN!!!!!

And we americans scoff and the middle eastern people telling us our country is run by jews...is it not?

[GagnezTV]

No BAILOUT!

-G

"ALL I Ever Wanted Was TO Do Right (Riiight)"

[CCCrone]

Why not bombarding wall street like we do in Iraq ???

[DCOMMERC3]

So let me see. I have cash in one hand, and a bill in the other. Let's just erase the bill, give it to some one else. Now I can do business! Make more bills and give them to someone else. Maybe these banks should leverage their real assets.

[guslingus]

Im sure even their Grandmothers are Leveraged to the Max already

[islamDick]

Fuck Bush, Cheney and Wall street.

[onstageagain]

About one thing we may be sure. The U.S. deficit and national debt will soar. The credit rating of the US as this nation of non-savers has to borrow abroad to save our banks, and their banks, is going to fall. We are going to be a poorer nation and people. So, now lets give amnesty to 20 million criminal illegals in our country that cannot even speak our language. And put them on Welfare, Food Stamps , Free housing and medical. Foolish Americans.

[john123wayne]

F*UCK WALL STREET IS ABSOLUTELY CORRECT

joe american taxpayer called their congressperson and said LET WALL STREET BURN BURN BURN!

i have a renewed faith in my fellow americans! the second american revolution is under way and today was ABSOLUTE PROOF the american taxpayer is FED UP WITH ALMOST EVERY SINGLE ELITIST POLITICIAN IN THIS LAND.

the failur of the bailout renews my faith in my fellow american.

LET WALL STREET BURN BURN BURN no bailout.

we will rebuild with ethics. amen!

[Chitchat20]

OOook .. John. It was the HOUSE THAT VOTED AGAINST IT!

Do you really think the "avg joe" had any power in it.

And please think about it, the public is emotional. We do not know the financial and economic aspects of the bill.

If you really think that the public can make good decisions (as a WHOLE (there are some people that do know what is going on)) you are wrong.

[SuaveCapone]

F*CK WALL ST.

and f*ck this irrelevant report trying to impose his opinion on his viewers.

That Bailouy Bull sh*t was a bad idea and it will forever be a bad idea if people let the Fed's control the banks

Everyone loves to bring up our founding father until it relates to something like this. Thomas Jefferson and the authors of such great documents as the Constitution would NOT APPROVE OF THIS.

[ratonnewmex]

lies LIES lies lies the white trash in the U.S. continues to believe...pathetic....judgemen­t is upon this WHORE OF A CUNTRY

[bikersrule07]

was it the ceo of freddy or fanny that is black, whitch one?

[ratonnewmex]

i don't know dumbass....you tell me....BOY YOU FUCKIN AMERICANS ARE SOMETHING ELSE....SOMETHIN ELSE

[bikersrule07]

Im not american,dumbass look at my profile,look where im from,if i was american i would be proud,you dunmbass assuming people are american,makes you more of a dumbass,your a feel for your self,type person,fuck off you whimp

[ratonnewmex]

hey superfuck...why do you Americans take peoples comments personally? just goes to prove what a sick fucked up culture you people have...you must be a faggot...go crash your fucking little trycicle bike and YOU FUCK OFF piece of shit

[bikersrule07]

ratonn> my retarded freind,i said im not american,im sorry you cant get over this little insight, and why do you take every comment so personly??? just proves what a retard and fool you are

[bikersrule07]

let me get out my violin for you ratonnewmex, maybe you could all cry us a river,you want every to feel sorry for you,and america is hardly the 1st country to go through this,feel sorry for you,fuck off

[jclayton59466]

More printed money = de-valued dollar.

How many bankers and wallstreet fatcats will commit scuiside today?

How many soldiers have killed themselves after returning home.

Fuck the bankers. Fuck wall street. Dinosaurs will die!

[thbyrnes]

The people never assumed it would be passed. To hell with the bankers!

[virginlampoil]

Why don't we do what Warren Buffet did, purchased preferred shares with 10% interest?

That way they could get the cash they need.

Buffet didn't want to mess around with the toxic assets, why should we? Other than the politicians want to selectively dish out the 700B for political gain.

Here is Nancy Pelosi's emails, please write to both addresses and express this view.

sf.nancy(at)mail.house(dot)gov

AmericanVoices(at)mail.house(d­ot)gov

[cradle2light]

the banks going to Hoard the credits to SAVE themselves their friends and interest

NOT the small biz,entrepenuers and companies!! with the housing train in a gorge and if there is little credits available, other pillars of the economy will tumble and turn LIFELESS>>>massive employment

there should be more scurtiny esp on the assets bought as to determine who are the real owners as the FED and Treasury IS NOT the US Govt!!!

[FortoneND]

A good insight of what's going on. A well said plain interpretation.

[33115566]

More credit is available right now than there should be under normal circumstances.

[Serge808]

other good websites to keep yourself informed are:

reuters dotcom

bloombergnews dotcom

financialpost dotcom

infowars dotcom

[Serge808]

just remember as congress denies this bill for 700b the current Bush admin just passed its annual defense budget spending bill for a total of 612b for the coming year...who do you think is paying for that?

google

With All Eyes on the Bailout, House Passes Trillion-Dollar Defense Bill

[Serge808]

and there shouldnt be fear of a cecession in growth because there is no real growth, the finacnial economy has been growing yet the real economy is stagnant...this has to happen, saying no to the bill is about more than saving less than a trill for the txpyrs it's about standing up for a real free market and not allowing coroprate socialism to emerge

[PeaceProfit]

"Of the people, by the people, for the people"

We-The-People-No*Compromise.

[8498561324567]

wow! can u imagine if the bail out was passed through, what effect it would have on the tax payer . damn it was close. however the game is not over. the us economy is totaly screwed by the "dems" who voted for the bill. $700BD man the treasury is empty apart from emergency tax money.

[travelinguy06]

Eid Mubarak my Friends!

Best Wishes,

Gunny

Seattle, USA

Welcome brothers and sisters - نرحب الاخوة والاخوا

[fingersjones]

"It remains in my judgement, the largest corporate bailout in American history, forever changes the relationship between government and the financial sector and passes the cost onto the American people and I cannot support it." Pence.

It makes sense.

[Simirial]

watch

"money as debt" here on youtube. Seems the FED is the problem, not the solution

[Daritto7117]

I hope asia and europe feels the pain tommorow...mark my word, they will fall hard.

As for this matter, BLAME THE STUPID ASS REPUBLICAN CUNTS!!! Most of them voted nay for the bill!! :/

[Orion602]

i would blame greenspan and bernanke at the first place..

[Hilariousity]

It's all your fault! stop ruining our nations economy Orion602

[Congest]

Thank God the bailout of the crybaby capitalists didn't pass.

[kingmike40]

@Congest It passed they just needed to buy off a few more politicians by increasing the bailout with pork of 110 billion. The politicians don't care about the country they will do what ever it takes to take care of themselves.

[JJJadm]

fucking republicans since they know they will loose the elections they don't fucking care about anybody else.

[Xakryn]

Wow, first video on Aljazeera that I detest. This guy seems to have a bias towards the rejection of the bailout.. which for the first time in a long time the senate LISTENED to the people. Dicks everywhere.

[Orion602]

lets see what European markets will do tomorrow and asian tonight.

mayhem or recovery?:)