The credit crunch is starting to bite. These really are unprecedented times in the world of finance. Household business names such as The Halifax and Bank of Scotland have been taken over on the cheap. Stock markets from around the ...Dow Scotland
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The FTSE took a bit of a beating yesterday closing with around 5% losses. The main area of doubt amongst investors appeared to be small to medium sized public companies. Lord Mandelson’ announcement of improved guarantees and easier access to credit appears not to have revitalised these companies as much as had been hoped.
US politicians bailed out of helping correct the mess they and their financial groups created on Monday, sending the world economy into waters not visited since the Great Depression.US stocks plunged as a result the House of Representatives rejected a the $US700-billion-dollar rescue package...
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