09-29-2008, 01:38 PM
quote:
Originally posted by JWFITZ
Doing nothing is exactly what is going to happen, even if another 700 billion dollars is pitched at the solution.
Well, if that is the case...welcome to the Great Depression Part Deux
Bottom line if the banks further curtail their lending its going to
strangle the economy to the point it dies. Main Street and business will be unable to get any credit ultimately and it will kill the economy.
Any link to the 650 billion loan being offered by the Federal Reserve and other central banks. I didn't see anything when I checked google news. I only saw that a bunch of central banks in Europe ponied up 20 billion to shore up a bank in the Netherlands today.