Quote Originally Posted by Catlady711 View Post
What I don't understand is how they think pouring all that money into bad debts is gonna solve? From one guy I heard on tv he said it's so people could continue to get credit. Well isn't credit what got everyone into this mess? What's wrong with good old CASH!!!

As it is our own government is living on credit, and the FDIC is talking about borrowing against the treasury which is just more credit.

Stop the madness!

I hope they don't pass the money pit bill ever for any amount of money.
It is not that simple. Businesses need credit. Take retail for example. They borrow the money to buy the merchandise and then pay back the credit as they sell the merchandise. A manufacturer needs to invest in new equipment. They need to be able to borrow the money.

I don't know many people who can pay cash for a home. Most people take out a mortgage. That is credit.

An absence of credit means businesses cannot operate and people get laid off.

It is careless use of credit...careless granting of credit -- among many, many other things -- that created this mess.