Bailout rejected
Today the stock market got the shock of the century when the bailout plan was rejected by the assembly earlier today. There were reports, that due to this rejection, stock markets all over the world saw a dip of 1.2 trillion dollars in just a matter of 6 hours!!!!! Stockmarkets will go sideways for the next 20 years in real terms like they did between 1935 and 1955.
So would this mean the US economy now would crumble and we would see the Giants of the financial markets to be sold to the private companies in China is still the question as of now but the fact is US would not be holding those company anymore.
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Hey this gives a new perspective to the bail out.