September 8, 2008

MAYBE A PSYCHOLOGICAL SLOWDOWN JUST NEEDS A PLACEBO:

Computer crash halts trading on London Stock Exchange - after shares soared in wake of U.S. cash bail-out (Daily Mail, 08th September 2008)

The glitch hit as the FTSE 100 Index - which measures the share prices of the UK's top 100 companies - roared ahead nearly 4% thanks to a US rescue package for two of the country's mortgage giants.

Yesterday's nationalisation of mortgage giants Fannie Mae and Freddie Mac by the U.S. Government. - the biggest bailout in U.S. history - helped soothe market fears over the fate of the duo which own or guarantee almost £3 trillion of mortgages between them.


Drat, the Democrats were counting on a new Great Depression.

Posted by Orrin Judd at September 8, 2008 6:32 AM
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