While the deep thinkers of world commerce try to get the politicians onside with rescue plans, bailouts and emergency funding, the rest of us just sit around and wonder if the mattress or a hole in the wall might be the best place to keep our money (those who have such a thing) while the world’s financial powers sort things out.
The American House of Representatives having taken a couple of days off to try and come up with a consensus on the President’s now stalled bailout plan, will apparently return to work on Thursday, in a bid to reach agreement on how best to approach the percolating financial crisis which stalks the global financial system.
The American House of Representatives having taken a couple of days off to try and come up with a consensus on the President’s now stalled bailout plan, will apparently return to work on Thursday, in a bid to reach agreement on how best to approach the percolating financial crisis which stalks the global financial system.
Their counterparts in the US Senate will beat them to the punch, as they gather to vote on a bail out plan on Wednesday, the details of which they won't reveal until later on Wednesday, highlighting the angst ridden nature of the bargaining over the last day or so since the Wall Street Markets dropped in a quite scary fashion. Calmer nerves returned on Tuesday as the Market regained some of those drastic losses through the day, but the volatility of the markets over the last few weeks has everyone on edge.
How that Senate vote will impact on the Congressional deliberations remains to be seen, though some believe that the Senate's plan, will help their contemporaries in Congress to save a little face from the wild developments of Monday.
It’s a complicated thing this money managing, one filled with terms and money vehicles that boggle the mind with their layers of potential peril.
It’s a complicated thing this money managing, one filled with terms and money vehicles that boggle the mind with their layers of potential peril.
The grasp of the politicians to fully understand the crisis is apparently leaving many observers feeling particularly worried for the fate of their nation and its financial structure.
Perhaps what the American legislators need is an expert on all things financial to help guide them over this anxiety ridden period of history.
Maybe that renowned capitalist Warren Buffet can give them a thumbnail sketch on shrewd money matters, or perhaps the combined Economic professors of the London School of Economics can discuss the pros and cons of state intervention in a time of crisis.
Then again maybe the Congressmen and women of Capital Hill just need some plain talking, one knowledgeable and successful investor to tell them all they need to know and bring clarity to a very complicated and muddled situation…
Perhaps what the American legislators need is an expert on all things financial to help guide them over this anxiety ridden period of history.
Maybe that renowned capitalist Warren Buffet can give them a thumbnail sketch on shrewd money matters, or perhaps the combined Economic professors of the London School of Economics can discuss the pros and cons of state intervention in a time of crisis.
Then again maybe the Congressmen and women of Capital Hill just need some plain talking, one knowledgeable and successful investor to tell them all they need to know and bring clarity to a very complicated and muddled situation…
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