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The kind of thing I really don't want to read in the newspaper:
As Senator Christopher J. Dodd, Democrat of Connecticut and chairman of the Banking, Housing and Urban Affairs Committee, put it Friday morning on the ABC program “Good Morning America,” the congressional leaders were told “that we’re literally maybe days away from a complete meltdown of our financial system, with all the implications here at home and globally.”
Yikes.
But is it time to start withdrawing cash and stockpiling soup cans? What say you, oh mighty f-list?
As Senator Christopher J. Dodd, Democrat of Connecticut and chairman of the Banking, Housing and Urban Affairs Committee, put it Friday morning on the ABC program “Good Morning America,” the congressional leaders were told “that we’re literally maybe days away from a complete meltdown of our financial system, with all the implications here at home and globally.”
Yikes.
But is it time to start withdrawing cash and stockpiling soup cans? What say you, oh mighty f-list?
Not to sound like Chicken Little, but...
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But, while I have nothing to lose, I would worry about the implications this would have on inflation... which WOULD leave me in more dire straits.
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But that's just me.
-Crow
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Short term, the bail out will prevent the immeadate onset of the Grim Meathook Future. (Although, if the soundtrack is as good as Doomsday's...)
Long term, we're looking at a rough few years for the American economy.
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