
Let’s breathe in, now breathe out… Easier said than done right? Do we really need the 700 BILLION dollar bail-out? It’s not a bad idea, in a couple of years we could accutally make money from it. But you know, when you leave it up to politicans what can happen, and it did.
Nancy Polosi opens her mouth and pisses of some republicians, then they go crying to mama saying “she said bad things about us.” So what! Some people say “Let Wall Street burn, Let Wall Street go bankrupt!”
“If we had a bailout, it would lessen the likelihood of further bank failures. We may have some more down the pipeline but we would have less without a bailout,” said Robert Dye, senior economist for PNC Financial Services Group in Pittsburgh.
“The core of the problem is with credit markets, which is one step removed from Main Street. The average guy and gal is not seeing this yet but if you are a business, you are facing highly elevated costs to borrow money,” Dye said. “And Main Street will definitely feel this eventually. We’ll also see higher rates for credit cards and other consumer loans. The cost of credit will rise dramatically,” Dye added.
Everybody lost on Monday, except for one company, Campbell Soup Company CPB. They closed up 1.24 to 38.59. I know what we can eat when we go broke.




