Thread #1 went away.

Who all thinks the failure of the bailout will cause

1) A recession
2) A depression
3) It wouldn't have helped



Any SBO struggling to get short operational loans yet?

Are you fearful the stock market is going to continue to crash? Any bets on how much the Dow falls today?



Maybe if we keep this more about the repercussion and less about Rush, it won't disappear.

Will cause a deep recession, or mild depression.

So much information out there that contradicts itself.

Kill 'em all, let God sort 'em out.

We are already in a recession. I doubt we'll get to depression type times, but definitely a deep and long recession. Bail-out or not, it was going to happen. There's a huge destruction of wealth occuring in the country right now with the loss of home values. Excess house value was always the big thing to borrow against to keep the economy going, that's now gone.

I have yet to hear anyone, who is qualified, failing to get a loan.

The market will flux for a while, probably take another decent hit today, not as bad as yesterday.

The depression has been 'baked in' for some time, no matter the actions of congress. The bail-out bill would have been hugely successful in transferring wealth from ordinary americans to a few thousand wealthy money managers.

Don't think this battle is over, yet.

Most average people will not see a problem with the run of the mill loans. The high risk borrowers will not get them, period. What will cost us, is that businesses will have difficulty getting the loans they need to conduct their operations. Expect a lot of the boat dealers to close up, and a bunch of the smaller boat builders. My BIL who is a publisher may go belly up. He depends on business loans and advertising to survive. Car dealers and realtors are going to be hurting. Why advertise when you know that many of the people cannot get a loan to buy?

People are mad at the bankers who made so many bad loans, but these same people are often the ones who took advantage of the loans. And the public's reaction is typical of human response to a major problem, but it is the wrong one to make it through this. While everyone talked about the size of the bailout, it was a lot less than what people lost in the panic trading yesterday. And the odds were very good, that in truth, the American public would have made a decent profit from the bill. Most of these bailouts have not lost money from the money loaned. It has come from the country in question being in a strong work force position. Now that it is our chance to do so, we failed to act.

The big problem is that the politicians are making this into politics and it is more about the failure of the politicians do do what we pay them for, on both sides of the fence. The worse part is that the politicians who do the most blaming everyone else for this, are the most likely to win their election. As the lady said, its going to be a long and bumpy ride.

When a topic is deleted, there is a reason. It is not anyone's place here to decide otherwise.