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View Full Version : Are you affected by the US bank crunch?



James
09-29-2008, 06:43 AM
After a talk in the shoutbox with a few members last week, alot of people were affected and still are affrected by this downfall!

What will happen after this? Will china take over with its upcoming industry?
How are you affected?

-James:)

jkemr
09-29-2008, 06:55 AM
Well i just hear bush as been givin 700 Billion Dollar Bailout
But if things dont get any better we are all going to be affected..
British taxpayers will be liable for more than 150 billion of potentially toxic mortgage debt following the nationalisation of Bradford & Bingley, everytime you hear the news banks are in troble

James
09-29-2008, 07:02 AM
Where i am, Australia. We dont run off US banks so we will be the last affected or we might not be att all.. We will have to see..

I wonder if internet banks will be affected? Im not up to date with the issue so excuse me if im wrong :( :)

clairedodin
09-29-2008, 02:58 PM
It has affected several British banks too (that had to be "rescued" i.e: bought by someone bigger) and I saw the effects of this at a London supermarket this morning.
I discovered that you can now buy a steak for 9, which made me a) want to scream b) made me feel like grabbing it and run away c) notice the security tag on it! (clever!) so I decided it was time to turn vegetarian.
Then I went to buy my usual 300g jar of coffee, to find that it is no longer available, instead you can buy all sorts of 100g coffee jars for the same price.
Maybe I should just give up my coffee too!
The crunch is going to turn me healthy!