Quote:
Originally Posted by PR_Tom
WHY do people (including news media!) come at it from a premise that the act of PASSING the bill would instantly *fix* something!?!??
I've been stunned watching people who are SUPPOSED to know better come onto tv and do "reports" that are simply scare and fear and ignore!
The money is supposed to be for buying "toxic loans" from lenders who are too afraid of holding them and are seized up and not lending/operating! Thats it. It's not instant, nobody EVER said it was! IN fact, they've all said it'll take a long time. And it'd better. Because if the gov. took my money and is gonna buy and invest with it, they'd BETTER hold it long enough to make me a profit goddamnit.
Anyway, the markets today are just fear and ignorance. People are nervous, it's human nature especially in this culture of fear we've been living in for oh.......almost a decade.
|
I didn't think it would instantly fix something....but stocks are forward looking, and when the market drops precipitously like this, it's because of a lack of confidence.....today's prices have nothing to do with economic fundamentals.
So all I'm saying is....apparently this bailout package did nothing to restore investor confidence in our economic future.