Interesting that the $700 billion bailout package didn’t workout in the US (at least not yet). Sucks to be a banker knowing that they aren’t going to come and make your stupid purchases magically disappear.
Assuming the deal doesn’t pass on a second or third try, I think it will be for the long term benefit, the short term is going to suck like the latest Dyson vacuum cleaner, though the alternative will suck like you wouldn’t believe (think a hundred Dysons).
I’m surprised there hasn’t been more movement in currencies, the DOW Jones and S&P 500 fell like a rock.