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Fallout from bailout rejection


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The Wall Street Journal covers the rejection of the Paulson Plan.

WSJ Graphic

WSJ Graphic

Potentially we are looking at a crisis which could lead us into a severe global recession. The numbers of major financial institutions failing is not good. Given the interlinked nature of markets the situation needs to be calmed.

The Financial Times has some coverage here as well. In Depth coverage from the FT is here.

Local coverage from NBR can be accessed here.

One Comment
  1. Micci Laroza permalink
    01/10/2008 02:06

    So how come, the USA is still the boss? They should step aside and give the others the spotlight. Maybe it’s time to surrender being the world leader.


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