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US stocks plunge amid Wall Street crisis - 29 Sept 08

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It was going to be a historic deal to stop the US economy from collapsing into recession. But US Congress has voted against the proposed $700bn rescue package, a shock result which sent stock markets plummeting. Al Jazeera's John Terrett in New York looks at how events unfolded in the last few hours.

Channel: News & Politics
Uploaded: January 1, 1970 at 7:29 am
Author: AlJazeeraEnglish

Length: 31:39
Rating: 4.79
Views: 7352

Tags: $700  Al  bail-out  billion  English  Jazeera  John  stocks  Terrett  

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waldorff (January 1, 1970 at 7:29 am)
Haider died in accident, I think they eliminated him because of incoming crisis.
bmplefour (January 1, 1970 at 7:29 am)
The stock markets reflect about how great an economy. How big is the economy of the USA; The Wall Street stock market is the largest on the planet and by far, because the American economy was once the longest and what free. Will change that? And why? If changed. The Americans need to balance on the line and to emerge from the tunnel narrows, but because it is not tilted in his hand!
musicdied (January 1, 1970 at 7:29 am)
i know 100 genious ppl out there who could run a country 1000X better than the canidates we are forced to choose from. How do these tools make it to office. i suggest we elect a fuckin monkey, and im sure we would have less problems. eh we wouldnt have war, and stupid shit getting passed. fuck imagine if a pile of shit (literaly shit) had have been in office instead of bush, im 110% if a giant pile of feces WAS running, we wouldnt have these problems....GOD BLESSED AMERICA ALRIGHT!!
TYX91101 (January 1, 1970 at 7:29 am)
They voted down the bill and the market went down. Days later they voted a second time and the bill passed - and the market went down. Washington and the Fed are in charge of nothing. Merely background noise.
johnfl46 (January 1, 1970 at 7:29 am)
Play with people so the market will lose trust and the stock market can go up and down amid the voting for the bill.
johnfl46 (January 1, 1970 at 7:29 am)
well money can't buy food that isn't there. 66% of wheat and barley was wiped out last year by "natural disasters". There have been honeybees disappearing from hives, and banana plagues in brazil. I hope everything works out but with all the facts it's hard to be.
gdogger91 (January 1, 1970 at 7:29 am)
so what your saying is that the bill will be used to bail out wall street. but we wont see any of it and the price of living will keep going up.
johnfl46 (January 1, 1970 at 7:29 am)
did u read that bill? it has a groundwork for carbon tax for the global warming myth, as well astax cuts for wooden arrows childrens toys. don't worry its all planned. things will be crashing because the house threatned martial law if the bill was not passed.
gdogger91 (January 1, 1970 at 7:29 am)
well they past it what now?
Spiderwoman74 (January 1, 1970 at 7:29 am)
Sorry but i think it's a load of rubbish that they were ever gonna bale out anyone ? ... they raised hopes and expectations deliberately in there little game there all playing ! the only plan is to force everyone to become scared and withdraw there money from there bank accounts and crash the whole system! like history has proven b4 ...and why Citibank is purchasing another bank when they have to many bad sub prime loans on there own books is gonna be disastrous and only fan the flames further ?

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