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Posted by: Wolfie2007 1 year, 1 month ago

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Wolfie20071 year, 1 month ago

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The bailout could not have prevented this or have caused it. The market is responding as the market always does when there is a crisis and loss of confidence. What this means is that people are taking their money somewhere else. There will be a bottom. Just look at Warren Buffet he's not afraid.

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  Dionys1 year, 1 month ago
  
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  Well. There's being stupid afraid and there's being cautious afraid. There's also, as Warren Buffet shows being stupid for lack of fear. Personally I think it's all being blown out of proportion. Look at the long picture and things will return to 'normal.' The short picture, however, is bleak and who knows how long it will take for us to dig ourselves out of this unbridled capitalist hole.
  
  Let's be thankful that peoples retirements and social security weren't completely privatized, yes? So much for Bush's suggestion.
  
  The bailout? Kept credit moving and businesses working. Unfortunately it also bailed out a lot of criminals that should have been allowed to go bankrupt.
  
  Stop fussing with the market. Let it shake itself out.
  
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  Ratskii1 year, 1 month ago
  
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  For a change you've got a point Wolfie. Just because two things happen at the same time doesn't necessarily mean that one is the cause of the other. Now if you'd only apply this reasoning else where (e.g. the surge and Iraq).
  
  Personally I don't think the bailout is having an effect one way or the other, at least not yet. If the fed uses their leverage (from buying all those Collaterized Dept securities) to dictate policies the reduce the number of families experiencing mortgage failures, it might have a long term effect. That depends on whether the real problems are addressed or not.
  
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