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The economy won't collapse if this bill isn't passed. If business really wanted to fix the credit market they would, just pumping in money won't fix anything. I applaud congress for standing up finally and looking out for average Americans. There needs to be provisions for struggling home owners in this bill or it simply won't pass.
Honestly though, if you want to restart the economy, this 700 billion along with this summer's stimulus package should of been spent on public works construction projects like building roads, bridges, etc. When you do that you put people to work and that's what fuels a healthy economy.
Bailing out banks who knew this day would come for several years will not save our economy from a deep recession.
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