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Registered
Join Date: Jan 2002
Location: Nor California & Pac NW
Posts: 24,858
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Credit markets "tight" is different from "shut down".
I think they will pass the plan or something like it - maybe when S&P crashes <1000, banks failing at 50/month, FDIC insurance fund exhausted, rolling BKs at non-financial firms, and USD crashed too - question then will be is it too late to stop the spiral.
House vote this AM is very bad news, for Main Street as well as Wall Street. When a country's banking sector collapses, history says, cost to economy is far more than the 0.5% of GDP represented by the plan.
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1989 3.2 Carrera coupe; 1988 Westy Vanagon, Zetec; 1986 E28 M30; 1994 W124; 2004 S211
What? Uh . . . “he” and “him”?
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