LONDON (AFP) — Prime Minister Gordon Brown has described the rejection of a 700-billion-dollar Wall Street bailout plan by the US House of Representatives as "very disappointing".
Brown said he had told Washington he supported "decisive action" in the US financial markets amid continuing turmoil, and was prepared to do "whatever action is necessary" to ensure stability in Britain.
"The vote in America is very disappointing," Brown said, adding that he had "sent a message to the White House about the importance that we attach to taking decisive action" there.
"In recent times, we in Britain have taken decisive action to maintain the stability of our system," he said, hours after the nationalisation of Bradford & Bingley, the second national bank taken into public ownership this year.
Brown said that he, Chancellor Alistair Darling and the Bank of England governor "will take whatever action is necessary to ensure the continued stability of the system to the benefit of families and businesses and their security right across the country".
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