bailout

This is the liquidity problem. Almost everyone's paycheck comes out of short-term credit accounts. If banks quit loaning to each other, paychecks stop. Jobs are lost.

At least, this is not a preordained outcome. See this opinion for example:

Another page from the Republican phrasebook.

I wear my sig line proudly, but read the person I quoted. With Fed and IMF in his resume, I don't think he hugs trees and attends Cindy Sheehan rallies in his spare time.

i have some stock, but i havent trusted market since bushco got in. only started 401k with hubby job a year ago. so money there isnt big. the bulk.

i wonder how people with the hard earned cash sittin the bank is feeling. i am concerned.

but the breakdown, and peoples concern and fear with how they live is interesting.

thanks for your post.

and don't trust anyone. I have CD's, Mutual Funds invested in stocks and bonds and MM Funds. I don't claim to understand this mess all I can do is hope someone there is someone smart enough to fix it. I am against the bailout package, I don't think we the taxpayers should be doing the bailing. The people with money caused the mess the thing should be paid by a surcharge on stock, bond, mortgage and commodities trading. Another thing is stop the speculating in the oil trade, the US buys more oil than any other country I think all the western governments could get with OPEC and negotiate the price once a year. Do like Wal Mart and go to OPEC like they do to their suppliers and tell them what we are willing to pay them.

thanks for your post, it is interesting.

with taxpayer money.