I have sat here thinking about what is going on with the financial crisis in America today and have been trying to sort out what it all means. I have come to this conclusion:
IF CONGRESS DOES NOT GET THEIR S _ _ _ TOGETHER AND PASS A BILL THAT WILL BAIL OUT WALL STREET RIGHT NOW THEN WE ARE GOING TO GO INTO A REALLY BAD RECESSION----AND WHEN WE GET THERE WE WON'T HAVE ANY TRADING GOING ON BECAUSE THERE WON'T BE ENOUGH BANKS LEFT TO DO TRADING AND THAT INCLUDES LOANING MONEY.
I hate to say it but I can't see any other alternative---
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6 comments:
I watched the hearings about this bill, and the overall consensus was that this bill was rushed, and not well thought out. I think there could also be terrible ramifications from bailing out...it's a hard line to walk, not knowing which devil we want. I do think they need to institute some government regulations about lending to prevent this type of thing in the future.
I lost nine dollars out of my retirement fund. Yup, definitely feeling the pinch.
I knew this was coming, I hope they figure something out.
The problem with the whole damn thing is that all of the special interests are signing on with this to get some extra money---what started out as 700 Billion is now 850 billion just to take care of the special interests---government regulations my A _ _. I am certain it will pass but it will be a trillion dollars before it does and we can thank all of our representatives for that.
It's annoying...I would like for McCain to be president and not sign any bill that included pork-barrel spending
Psycho Doctor---there is no such bill---the bailout contqined over 150 billion
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