What a day yesterday was, with the world facing financial meltdown, after a $700 Billion rescue plan for US banks was thrown out.
Stock markets were braced for another grim day ahead, after Congress rejected the plans to buy bad debts in what would have been the greatest bailout since the Great Depression of 1929.
This surprise decision sent the Dow Jones Index tumbling by 7 percent which was its biggest one day fall in history.
Last week the US President George Bush talked of a long and painful future if the plan was not backed. But Republicans in Congress rejected the plan, which would have cost the taxpayers an incredible €1600 each.
So looks like its back to the drawing-board for a new plan or to renegotiate.
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