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NET-GOLD  September 2008

NET-GOLD September 2008

Subject:

ECONOMY : BUSINESS : FINANCIAL MARKETS: World Reacts to US Bail-Out Rejection

From:

"David P. Dillard" <[log in to unmask]>

Reply-To:

Net Gold Listserv List <[log in to unmask]>

Date:

Tue, 30 Sep 2008 07:36:33 -0400

Content-Type:

TEXT/PLAIN

Parts/Attachments:

Parts/Attachments

TEXT/PLAIN (85 lines)

ECONOMY :
BUSINESS :
FINANCIAL MARKETS:
World Reacts to US Bail-Out Rejection



World Reacts to US Bail-Out Rejection
Page last updated at 11:31 GMT, Tuesday, 30 September 2008 12:31 UK
BBC News
<http://news.bbc.co.uk/2/hi/business/7643903.stm>


World leaders have been reacting to the rejection of the $700bn US
bail-out plan to stabilise the economy by the House of Representatives.


BRITISH PRIME MINISTER GORDON BROWN

The vote in America is very disappointing. The governor of the Bank of
England, the chancellor and I will take whatever action necessary to
ensure continued stability for Britain.

The stability of our system is something that we are doing everything in
our power to maintain.


BRAZILIAN PRESIDENT LUIZ INACIO LULA DA SILVA

Emerging nations, poor nations who have done everything to have a good
fiscal policy and to keep their economies stable, should not be paying for
the price for the American economy's casino-like policies.

It is not fair to have countries in Latin America, Africa or Asia pay for
the irresponsibility of certain sectors of the American financial system.



AUSTRALIAN PRIME MINISTER KEVIN RUDD

These are turbulent times, these are worrying times. What's important is
that all people of good will around the world act in concert with our
friends in the United States to see the right measures taken through the
US political process to stabilise the global financial system.

The call that we need to make is for them to put aside party politics and
to pass this package because it is necessary for the stabilisation of US
financial markets and global financial markets. All of our interests are
at stake here.



----------------------------------



The complete article may be read at the URL above.




Sincerely,
David Dillard
Temple University
(215) 204 - 4584
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