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Politics : Politics for Pros- moderated

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To: Steve Lokness who wrote (215378)	8/11/2007 8:12:00 PM
From: LindyBill	Read Replies (2) of 794009

It now is in the hands of the fed? Yes, it is. I don't claim to be an expert at this. We are all trying to "measure the elephant." Mixed with the schadenfreude of watching a major Wall Street player go under would be the sadness of seeing a Stock Market crash. I can argue either side of this. But I would rather see us keep things stable. It's hard to be sure precisely what is happening, but I think the credit bailout is not giving the big boys anything but time for the market to stabilize. It is not any "out of pocket" by the Fed when things are over. We all know that old line about "be so much in debt that the banks can't afford to let you go under." Some truth to that here.

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