Now What?

So the breaking news as of - well, NOW actually, is that the much-vaunted $700bn bailout of US banks has been voted down by Congress.

I can't say that I'm overly disappointed - simplistic though it may be, I can't see how it benefits the economy of any country essentially to privatise profits and socialise losses (the same applies here with NR and B&B). Though I confess to limited understanding of the global financial system.

But it does create a huge question - what now?

I have no clue, but I think the next few days are going to be 'interesting times' indeed.