Just after the collective sigh of relief was drawn following last week’s financial turmoil, a startling late plunge in the US stock market last night started a fresh wave of fears for banks, savers, pension holders and employees. It had appeared that a $700 billion (£378 billion) bailout of the banking system announced by the US Government on Friday had restored some stability. But the stock market euphoria generated by the plan disappeared yesterday as political squabbling over the terms of the rescue threatened to delay the Bill. A sudden surge in oil prices also unsettled the markets.
Appunti di un anonimo italiano
23/9/2008
