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Mixed Responses to the US Bailout Rejection

Tue 30 Sep 08 | 01:00 AM ET
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Mixed Responses to the US Bailout Rejection

Tue 30 Sep 08 | 01:00 AM ET
Wall Street closed near record lows on Monday after the surprise rejection of the US bank rescue package. Roger Nightingale from Pointon York explains why he is pleased that the package was rejected, while Benjamin Pedley from LGT Investment Management explains why the rejection could be problematic for the US economy.

Topics:

Economy (U.S.)  | Investment Strategy  | Politics and Government  | Stock Market  | Wall Street Banks

Sectors:

 | Financial Services
 
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