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.

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