U.S. House of Representatives rejects the $700 billion bail-out and ..... world doesn't end.
If only people cared as much about the environment and global poverty rather than the money markets which most people have little or no understanding of.
Given the amount of naysaying and panic about something which really isn't that important, society is not going to collapse just because a few banks go to the wall, it's surprising how little panic and direction there is over something which does matter like the environment.
Our priorities are really screwed.
According to the U.N. Food and Agricultural Organisation, 854 million people are malnourished worldwide. There are so many better things which $700 billion can be used for.
Let's hope that the House of Representatives takes some time to think about what it is doing. This mad dash rush to shore up the banking community because Peter is crying wolf is not being done in average Joe's interest.
P.S. If you're going to spend such a vast sum, you should at least buy-out rather than bail-out banks and ensure that some of it is spent on providing protection for the poorest members of your community.