Congratulations, you just threw 700 billion dollars down the toilet....
 

i have yet to read anything today that says this bailout plan is going to work...

worldwide stocks sink lowest point since 1997.......


Sept. 29 (Bloomberg) -- Stocks around the world plunged the most since October 1997, the euro and the pound sank and bonds rose as governments raced to prop up banks infected by growing U.S. mortgage losses.

The Standard & Poor's 500 Index fell 3.6 percent after Wachovia Corp. required a takeover by Citigroup Inc. and lawmakers predicted a close vote on the Bush administration's $700 billion bank bailout. The British pound dropped the most against the dollar in 15 years after European governments stepped in to save Bradford & Bingley Plc, Fortis and Hypo Real Estate Holding AG. Commodities fell. The cost of borrowing in euros for three months soared to a record as banks hoarded cash.

``This credit crisis is pretty deep and it's pretty deep throughout the financial industry,'' Jason Pride, who helps oversee about $6.5 billion as director of research at Haverford Trust Co. in Radnor, Pennsylvania, told Bloomberg Television.

The MSCI All-Country World Index of 48 nations lost as much as 4.4 percent, the steepest plunge since the Asian financial crisis 11 years ago. The S&P 500 retreated 43.58 points to 1,169.43 at 11:31 a.m. in New York. Europe's Dow Jones Stoxx 600 Index sank as much as 5.4 percent to 251.68, the lowest intraday level since January 2005.

I don't think that we threw anything down the toilet... every bailout we have done has paid a margibnal return... the S&L bailout and the Mexican Govt. Bailout in particular.

This financial crisis is all by design.

I'm getting my tinfoil hat on lately. It sure seems that way... a GREAT power grab.

where is that toilets output?

If you are an American citizen, you can now say you own 12 Billion of Citi Bank.

This whole thing was the biggest and most complex pyramid scheme ever. Once the free money was gone, it all collapsed like every other pyramid scheme. We should let it die yet people want to pump in more free money and keep the scheme going.

Just wait till they roll out the new metal backed currency to unite north and south America...

I'll be making and handing out the hats.

They called it the free market. Welcome to getting the bill.

Tax payers will be wishing the market was not so free for decades.

tecnically, the bill allows for 250 billion, not 700b.

It's coming Jesus. It's coming.

This plan is going to fail. It's a band-aid and there is NO Plan-B.