Showing posts with label VIDEO: Sept 29 Debate of $700 billion bailout in Congress. Show all posts
Showing posts with label VIDEO: Sept 29 Debate of $700 billion bailout in Congress. Show all posts

Tuesday, September 30, 2008

VIDEO: Sept 29 Debate of $700 billion bailout in Congress




Part of the debate in the lower house on the US$ 700 million bailout of the US financial sector that led to its eventual failure on first reading


Interesting to see that politics are still being played at a time of financial crises and more interesting still that the dodgy Democrats voted for the bailout while the considered Republicans rejected it.


I am against the bailout because it is chucking good money after bad and it probably wont work anyway.


Interesting also to see Warren Buffett's involvement in the bailout as well. A staunch Democrat himself, he would benefit greatly from an Obama led Presidency.


A live DOW ticker plummets on-screen while the Republican senator gives his speech.