“When America Sneezes, the Rest of World Catches a Cold.”
That was a remark I heard last night on The BBC in regard to our financial crisis and the inability of Congress to pass the proposed Bailout Bill.
The BBC: US failure hits European shares
The New York Times: Authorities Aid Banks in Europe
The turmoil that has rocked the United States banking system spread to Europe on Monday, buffeting institutions in at least four countries with a chain of new failures.
As more banks fail in Europe, we should be mindful that we live in a Global Economy.
Aimee
“Aim for Understanding”
Filed under: News & Views , $700 billion bailout, aimee ennis, Aimee’s Blog, bailout, barack obama, bush, congress, democrat, economy, Election, election 08, emergency economic stabilization act, european bank failures, financial crisis, global crisis, global economy, henry paulson, joe biden, john mccain, main street, mccain, mccain-palin, Obama, obama-biden, Palin, political candidates, political commentary, political debate, Political Opinion, politics, presidential candidates, presidential debates, presidential election, proposed bailout, republican, sarah palin, wall street
September 30, 2008 • 8:45 am
“When America Sneezes, the Rest of World Catches a Cold.”
“When America Sneezes, the Rest of World Catches a Cold.”
That was a remark I heard last night on The BBC in regard to our financial crisis and the inability of Congress to pass the proposed Bailout Bill.
The BBC: US failure hits European shares
The New York Times: Authorities Aid Banks in Europe
As more banks fail in Europe, we should be mindful that we live in a Global Economy.
Aimee
“Aim for Understanding”
Filed under: News & Views , $700 billion bailout, aimee ennis, Aimee’s Blog, bailout, barack obama, bush, congress, democrat, economy, Election, election 08, emergency economic stabilization act, european bank failures, financial crisis, global crisis, global economy, henry paulson, joe biden, john mccain, main street, mccain, mccain-palin, Obama, obama-biden, Palin, political candidates, political commentary, political debate, Political Opinion, politics, presidential candidates, presidential debates, presidential election, proposed bailout, republican, sarah palin, wall street