Quote:
Originally Posted by AlienQ
I will tell ya whats gonna happen.
Those Financial banks are going to Bankrupt and when they do Market correction will be under way as the loans will be adjusted and resold again to smart banking people not interested in taking high risks.
There will be no tax payer money to fix the situation. Every Congress member, and Senate member have a voting public to answer to and the voting public is saying no already.
THe Economy can correct itself with new banking rules which obviously at this time everyone is interested in.
|
there is no doubt the market will correct itself, it always does.
the 700 billion dollar question is how and for how long will it correct itself. Are you willing to bet it won't take 5 years of 25% unemployment and other disastrous effects ?
I'm no big fan of the bailout, but I think what they are trying to do is make it easier on the average Joe or it will hit like a truck