US House votes against $700bn bailout

Darragh29

We're rightly fu*ked now apparently after this! Go out and buy your batteries and stock up on tinned food, Pot Noodles and arsewipe!

Pj!

Already one of the 'against' voters asked could he change his vote.

Its a mess there now.

BroomBurner

Sure we would have been f*cked either way. Where did the US government think they were gonna get 700 billion dollars all of a sudden?

Pj!

Probably.

ninebeanrows

We're fuked, their fuked, everybodies fuked.

Run_to_da_hills

BroomBurner wrote: »

Where did the US government think they were gonna get 700 billion dollars all of a sudden?

The World Bank, I.E. the same shower that will eventually enslave us all with microchips :eek:

Mena

Is this the start of the end? TO THE ZOMBIE SURVIVAL FORUM!

edit* I wasted post 500 on that?

Pj!

America's f*cked anyway.

Who'll be the next superpower? Russia or China?

Darragh29

Forky wrote: »

Already one of the 'against' voters asked could he change his vote.

Its a mess there now.

There's reports of people jumping out of windows down at the IFSC, AIB in Walkinstown is on fire, George Lee is burning on a pyre outside RTE, martial law has been declared...

:rolleyes::rolleyes::rolleyes:

Rossibaby

:Dgreat stuff

any words of a private takeover,i sure hope not.this is a mess indeed i woul have thought it was a done deal

The tax man

I'm off to the Chuck Norris thread. Everything will be ok over there.:pac::pac:

Pj!

Darragh29 wrote: »

There's reports of people jumping out of windows down at the IFSC, AIB in Walkinstown is on fire, George Lee is burning on a pyre outside RTE, martial law has been declared...

:rolleyes::rolleyes::rolleyes:

Haha.
But seriously this is possibly the most important single economic decision in our lifetimes. They voted no, and now none of em know what to do. Thought Ireland was bad.

They might do a 'Lisbon' on it. - That wont do, vote again.

Darragh29

Forky wrote: »

Haha.
But seriously this is possibly the most important single economic decision in our lifetimes. They voted no, and now none of em know what to do.

I'm looking at Sky News here and it's errily like the type of coverage you'd have seen immediately after 9/11 or as the events were unfolding on that day...

LEIN

What does this mean for us now?? Higher taxes??

BroomBurner

Seriously though, what's the big deal? The world ebbs and flows and they're all getting what they deserve.

*I'm typing this from my reinforced bunker in my back garden, burning Dollar notes for warmth

Darragh29

damo9090 wrote: »

What does this mean for us now?? Higher taxes??

Basically the floors have fallen out of the banking system, so when you go into a bank now, you'll have to go to the window at the front of the building and do your business with the cashier there, because there will be a big huge gaping hole where the floor used to be in the bank! :D:D

brianthebard

Rossibaby wrote: »

:Dgreat stuff

any words of a private takeover,i sure hope not.this is a mess indeed i woul have thought it was a done deal

Of the US? I don't think even JP Morgan could afford that bad debt situation.

TPD

Forky wrote: »

Who'll be the next superpower? Russia or China?

I vote China. I looove Chinese food.

Princess Consuela Bananahammock

damo9090 wrote: »

What does this mean for us now?? Higher taxes??

No, because when you lose your job, you won't have to pay them
Thank fvck I got out. Not that here is going to be any better, but it's not going to be any worse.

Quazzie

I for one welcome our... Holy fook who's gonna be our overlords now that the yanks are fooked??

Zonda999

http://farm1.static.flickr.com/213/522169398_c6f4c005fa.jpg?v=0

"You" meaning all of us

dsmythy

There's no tall financial buildings here in Swords to jump from. Have to travel into town. Bloody traffic...

constitutionus

watch the ISEQ tomorrow.

you wont see a financial expert for love nor money. theyre trying to blame either your woman pelosi or the republicans as a whole (result was 205 yeah to 228 nay)

either way wall street was still open and the dow has collapese by 500 points. people shatting themselves from a great height on the news since 7 o clock.

best bit of bloodsport ive seen in ages

yes there WILL be a "lisbon" on this and they'll be forced to vote again but not till tomorrow (or at least till wall st shuts for the day) and even then theres no certainty it wont be an even bigger no.

just like lisbon

abitlonely

Yup, that market will rise up a bit until some deal is done, then all will
be back to something resembling normal. Great time to buy shares*






*nay not be a great time to buy shares.

LEIN

Ikky Poo2 wrote: »

No, because when you lose your job, you won't have to pay them
Thank fvck I got out. Not that here is going to be any better, but it's not going to be any worse.

Working in the Health Service so safe atm

ninebeanrows

The DOW could be doing worse IMO

Only down 591.70 (5.31%)

Agamemnon

Forky wrote: »

America's f*cked anyway.

Who'll be the next superpower? Russia or China?

Why not us? Think big. Now that the US is in economic turmoil, we can buy their aircraft carriers and nuclear subs at a knock-down price and take over the world. Historically, we've only experienced the shitty end of the imperialist stick, so it'll be a good laugh to be the big boys for a change. Glorious times lie ahead for the invincible Irish empire: the nukes will fly like snot in a flu ward and we will paint the globe emerald green and blood red! \o/


/goes for lie down

abitlonely

Weathercheck wrote: »

The DOW could be doing worse IMO

Only down 591.70 (5.31%)

The DJIA can be misleading as it's price weighted.
The S&P 500 is more meaningful, down 7%.
Down 5.31% is actually pretty bad news.

OPENROAD

constitutionus wrote: »

either way wall street was still open and the dow has collapese by 500 points. people shatting themselves from a great height on the news since 7 o clock.

To put things in context here, that is a drop of 5% approx, in 1987 the fall was nearer 20%.


The US WILL do something, i.e. another plan will be put forward except this time they will make sure it is pushed through.

ninebeanrows

Stock beginning to tank towards close

-671.51 (6.03%)

DarkJager

Agamemnon wrote: »

Why not us? Think big. Now that the US is in economic turmoil, we can buy their aircraft carriers and nuclear subs at a knock-down price and take over the world. Historically, we've only experienced the shitty end of the imperialist stick, so it'll be a good laugh to be the big boys for a change. Glorious times lie ahead for the invincible Irish empire: the nukes will fly like snot in a flu ward and we will paint the globe emerald green and blood red! \o/


/goes for lie down

When we get all this military might, can I suggest our first action be to nuke France?

Pj!

The DOW is dropping like a stone!

Biggest drop in the DOW in history I believe. Its kind of a lot.

the_syco

Forky wrote: »

America's f*cked anyway.

Who'll be the next superpower? Russia or China?

My bet is on Russia, as they're using oil money to get weapons, and their own oil can fuel said weapons. China needs lots of oil.

OPENROAD

Forky wrote: »

The DOW is dropping like a stone!

Biggest drop in the DOW in history I believe. Its kind of a lot.

Nope.

And a crash is a fall of 10% or more.

ninebeanrows

-712.69 (6.40%)

dsmythy

Was down over 700 briefly!

Omnipresence

What they will do (whatever it is) signals the beginning of the end of America as we know it. Great article in Guardian about implications this weekend. America currently borrowing cash from abroad to simply fund day to day running of federal government. They are gonna have to print some serious dollars to get through all this. Expect $4 to the Euro to appear.

Sleeping giants will continue rise (Russia/China) ...

America spent weekend trying to sort this mess out and faild
China had a spacewalk

Soviet Union collapsed trying to wage war in Afghanistan and frantically borrowed money to support its military might....

Parallel that to the US to day and Iraq etc...


Times they are a changin'

OPENROAD wrote: »

To put things in context here, that is a drop of 5% approx, in 1987 the fall was nearer 20%.


The US WILL do something, i.e. another plan will be put forward except this time they will make sure it is pushed through.

Darragh29

I'd say Osama Bin Laden is cracking open the Dutch Gold in whatever cave he is in right now...

Pj!

OPENROAD wrote: »

Nope.

And a crash is a fall of 10% or more.

Percentage wise it isn't.
Points wise it is though (is it not?)

Gummy Panda

So should i hold off on the cyanide capsule for now?

Epic Issue

I hope that for the sake of my children that this collapse makes people wake up. We can all be freed of the shackles that are thrust upon us.

Stheno

damo9090 wrote: »

Working in the Health Service so safe atm

Not seen 1000 Redundancies in the HSE ??

Or read anything lately about proposed budget cuts in the Public Sector?

OPENROAD

Forky wrote: »

Percentage wise it isn't.
Points wise it is though (is it not?)

Let us see where we are in 30 mins or so at close but at moment it looks like it could be biggest one day points drop.

abitlonely

Forky wrote: »

Percentage wise it isn't.
Points wise it is though (is it not?)

What do you mean there?

Agamemnon

DarkJager wrote: »

When we get all this military might, can I suggest our first action be to nuke France?

I fired the first ICBM at Belgium about 20 minutes ago; my minions are loading the one for France as I type. By dawn, continental Europe will look like dried curry stuck to a frying pan. All hail the glorious Irish empire! \o.

poxy

http://imagecache2.allposters.com/images/pic/GB/FP0595~Oh-****-Posters.jpg

Princess Consuela Bananahammock

nouggatti wrote: »

Not seen 1000 Redundancies in the HSE ??

Or read anything lately about proposed budget cuts in the Public Sector?

Thank you. Was just thinkg that.

SimpleSam06

damo9090 wrote: »

Working in the Health Service so safe atm

You'll be laughing on the other side of your face by the time this is finished.

Another surprise from the world financial markets, the Republicans turning against their masters, who'da thunk it. If anyone has any doubts about which politicians are more afraid of, the lobbyists or the voters, you have your answer.

Of course long term it was the best move, what they were doing was effectively printing money to cover private debts, which would have sent inflation through the roof as everyone else's money devalues.

Still, they didn't do it.

And the fun begins.

LEIN

nouggatti wrote: »

Not seen 1000 Redundancies in the HSE ??

Or read anything lately about proposed budget cuts in the Public Sector?

Yes have but my job is sound. I think... I hope...

Fcuk better go over to jobs.ie :P

copacetic

Gummy Panda wrote: »

So should i hold off on the cyanide capsule for now?

no, go ahead, better safe than sorry.

Darragh29

SimpleSam06 wrote: »

You'll be laughing on the other side of your face by the time this is finished.

Another surprise from the world financial markets, the Republicans turning against their masters, who'da thunk it. If anyone has any doubts about which politicians are more afraid of, the lobbyists or the voters, you have your answer.

Of course long term it was the best move, what they were doing was effectively printing money to cover private debts, which would have sent inflation through the roof as everyone else's money devalues.

Still, they didn't do it.

And the fun begins.

Your employment in the HSE is as safe as houses, houses are safe, aren't they, AREN'T THEY!?!?!?!?! :eek::eek::eek: