The Live vote on the bailout bill is on right now, and I feel sick

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krogoth's picture
krogoth
Status: Platinum Member (Offline)
Joined: Aug 18 2008
Posts: 576
The Live vote on the bailout bill is on right now, and I feel sick

The majority of the Senate is talking about the credit crisis, how grandma and grandpa are losing retirements and pensions, how business can't get loans, etc. Am I wrong or is this not the Treasury and Federal reserve putting the screws to the banks to slow credit, or is this a by-product of the banks not lending to each other, and if so, why are they not lending to each other. Also, I believe the bill is bailing out with a majority of toxic debt to the foreign banks. Any comments?

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