The American Senate has blocked the proposed bail out and financial markets across the world will feel the effects of this decision. The Dow Jones yesterday dropped with almost 8 percent and the rest of the world is most likely to follow soon. What a lot of people don't you know, except from the fact that this crises will go on for a little (?) longer, is how this will affect "mainstreet". The following discussion between a market analyst (pro Bail Out) and a radio show host specialised on US financial markets (anti Bail Out) gives you a good overview of what is happening and what is at stake. A credit crisis is looming, so it seems.
Click here for the discussion
Click here for the discussion
