Australia, New Zealand React to Bailout Failure

Share prices in Australia and New Zealand plunged Tuesday after U.S. lawmakers voted against a huge government bailout for the American financial system. (Sept. 30)

Category:

News & Politics

Tags:

• australia
• financial
• meltdown
• zealand
• react
• bailout
• failure

[SoonToBeProbie]

The BAIL OUT is to rescue the fucked up financial companies. Its not going to fix the mortgage crisis, not going to give people jobs, its not going to give you a stimulus check, its going to bail out the fat cats on the top floor. I say fuck it, ur on ur own. Trust No One!!

[aznsketcher]

this whole mess: everyone is to blame. we have the US government with their hands-off, let-the-market-run-itself policy. we have the banks and loan institutions practically throwing around and holding bad loans to... the stupid people who had no right to even get a loan because there was no way they were able to pay it, getting them anyways with the lure of 'no money down' or super low interest marks.

BAD GOVERNMENT not regulating BAD INSTITUTIONS giving money to BAD BUYERS.

[jamesarongray]

@peterm3964 lol

[jamesarongray]

wot a looka!

[Ungothic]

You've got the most important part of this wrong: Private financial institutions are required by the government to make risky loans because it's only "fair" that everyone have a house. Then the government run institutions of Freddie Mac and Fannie Mae bought up those bad loans as an incentive for banks to continue making them. Once the house of cards collapsed, the government protected those two institutions and called for take-overs of the private institutions, claiming under-regulation.

[5xmama]

I agree with Oprah's mother in any case...I feel the same way about Bush'es tab for the 700billion...let the GOP wipe their asses with it!!!!!!!!!

[5xmama]

Thats a lie Oprah takes care of her mothers bills...drop in the bucket!!!!Talk to Bush about his corporate welfare plan...it is still "privatize profits...socialize losses"....just pay your share and shut up!!!

[5xmama]

Eight years later and you still do'nt GET IT?Anyway ...no matter we are ahead.........

[peterm3964]

What a disapointment Krudd is .

the same old misunderstandings .

Thank god for common sense in the us congress

[woodyaan]

o yea? whole world is living on a 'grant' as a deal with USA paulson-bush-criminals ..

Yes, Congress must act AGAINST Bush. It is time to take our country from Paulson-bush-criminal Inc. for Congress belongs to the people . those who voted against this shameful robbery , are USA heroes who are swim against the current of corruption.

End of BLOODY EARA of BUSH DINASTY.

[daniel987878]

Russia? Their stock market has lost 50% in the last 3 months. Worse than most, probably everyone. Their market was shut yesterday due to panics. LOL. They are very dependent on the price of oil too. The pointof all this is to make everyone interdepenent and integrated and simultaneously create economic problems and conflicts that will weaken everyone. The prupose is to weaken everyone to the point were no individual aspect of the global system is viable and they phase in world government.

[daniel987878]

Haha my "leader" is a socialist. He doesn't believe in democracy either.

Looks like Rudd and Clarke know they are serving the international bankers and are doing their bit for their masters. He even wants to undo Australian sovereignty to create an Asian Union which eventually will cede to international government. Can he be any more of a cocksucker than Howard?