Quote Originally Posted by smokey the elder View Post
No one wants to lend money at all, because all proper risk assessment has gone right out the window!
Yes, because they were MANDATED to give 'bad' loans, by Congress.

Money exists; it's just not moving.
Yes. The fat cats think that they can get a better return on their investment if they wait until the bad loans are 'bailed" out.

Now the government, led by W, "KNOWS" that we'll enter the next Great Depression if they don't "bail" us out (I think that's a lousy term, btw).

Just FWIW, W "KNEW" there were WMDs in Iraq...interpret that as you will.
All the more reason the 'bail out' should not be done. We are ALL going to take it on a chin a bit however.