Channel 4 news in Detroit said that markets in Asia just opened and are plummeting

[muntrv]

upon the news of the failure to pass the bridge loan. Nice going, Senator Shelby, DeMint, Corker, McConnell.

[Viva_La_Revolution]

1. down 7% is what I heard on CNN...

! :(

[YvonneCa]

13. Reuters...

... http://www.reuters.com/article/marketsNews/idINSP29265920081212?rpc=44

[gristy]

2. yup

http://finance.yahoo.com/intlindices?e=asia

^AORD All Ordinaries 3,436.60 11:26PM ET Down 97.60 (2.76%) Components, Chart, More
^SSEC Shanghai Composite 1,997.25 10:30PM ET Down 34.43 (1.69%) Chart, More
^HSI Hang Seng 14,517.20 11:11PM ET Down 1,096.70 (7.02%) Components, Chart, More
^BSESN BSE 30 9,645.46 5:28AM ET 0.00 (0.00%) Chart, More
^JKSE Jakarta Composite 1,263.26 11:26PM ET Down 53.43 (4.06%) Components, Chart, More
^KLSE KLSE Composite N/A 0.00 (0.00%) Components, Chart, More
^N225 Nikkei 225 8,275.03 11:06PM ET Down 445.52 (5.11%) Chart, More
^NZ50 NZSE 50 2,676.95 11:01PM ET Down 49.76 (1.82%) Components, Chart, More
^STI Straits Times 1,729.12 11:26PM ET Down 65.04 (3.63%) Components, Chart, More
^KS11 Seoul Composite 1,103.78 11:06PM ET Down 50.65 (4.39%) Components, Chart, More
^TWII Taiwan Weighted 4,431.85 11:06PM ET Down 223.72 (4.81%)

[HCE SuiGeneris]

3. Yahoo link...

http://finance.yahoo.com/intlindices?e=asia

[ingac70]

4. Contrary to what these silly fuckers think...

letting the big 3 go down will send other car manufacturers down. They ALL share the same suppliers.

When I worked at Ford, while it still had its own parts division, we made bumpers for the Mercedes SUV and glass for Nissan.

[Hanse]

5. Somebody reported GM preparing for bankruptcy, hiring bankruptcy lawyers.

I can't remember who.

[csziggy]

8. That was on KO earlier but his guest said GM may not have enough money to reorganize

Under Chapter 11.

[doc03]

12. From what I understand Chapter 11 cost a

lot of money that GM doesn't have. I think Chapter 7 liquidation will be the result.

[blue_onyx]

17. Our local news has said that GM and Chrysler

will file for bankruptcy not long after the failure to pass a bailout. Hopefully Bush will help the automakers out and give them some of the 700 billion (scary that my hopes have to rest on him).

[Bozita]

6. Ya think the Asian auto companies are happy with those clowns tonight?

[amandabeech]

7. I wonder how the Pukes money suppliers will feel when the stock markets here

go completely into the tank along with the dollar?

Blowback is a real bummer.

[doc03]

9. It's going to be a blood bath tomorrow, thanks to

the Republicans we are now going to have the Great Depression revisited.

[Dinger]

10. From Buzzflash:

I posted this earlier:
http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=4633261&mesg_id=4633261

[Double T]

11. The Sphincter Four; and to think some call these A-holes leaders.

[doc03]

14. How many thousand dealerships does GM have? Just

there you can multiply it by their average number of employees for a small indication of the job loss this will cause. You have the steel industry that will shortly be forced into bankruptcies. You have all the parts suppliers and their employees. You have all the cities and states that depend on the industry for tax revenue.

[JimWis]

15. There's going to be some pissed off Americans tomorrow, and

I am one of them. Damn those four assholes.

[Historic NY]

16. Its going to be a bad day on Wall St...Hang Seng -1104.30..Nikkei -210.32.

[Speck Tater]

18. Crashing big time. Watch it here

http://finance.yahoo.com/intlindices?e=asia