From oil dependence to local resilience

The Troubled Asset Relief Program. The US Bill released today. Happy reading.

Document attached.

Tags: Crisis, debt., money

Attachments:

Bail out bill..pdf, 188 KB

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Permalink Reply by Deirdre Kent on September 29, 2008 at 18:06

Thanks Darryl. Do a search on Heinberg on this site and you will see two of his recent writings on the bailout.

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Permalink Reply by Daryl Neal on September 29, 2008 at 20:09

So I watched the Asian markets this morning, and they pretty much went "what ever, not putting any of my money in the pool" . So a big vote of no confidence from the Pacific. It will be interesting to see if the Americans buy into the idea more than us down here. So far pre trading in US today shows people still pulling out of markets. Its terribly exciting and horrific all at once.

Ooooow, a storm is brewing.........and its all LIVE on the internet.

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Permalink Reply by Deirdre Kent on September 30, 2008 at 7:02

Whew and it was rejected and the markets are dropping as we speak. Strange that it was the Republicans who voted it down for fear of financial socialism. I have been on the NYStock Exchange website and watching the news. And our Cullen fund continues to invest in shares...