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Date Posted: 10:08:59 10/02/08 Thu
Author: Minnie
Subject: if only that would help...
In reply to: Terry 's message, "But don't you think" on 16:37:15 10/01/08 Wed

I think it would be a bandaid and not fix the bigger picture. No credit. Without credit, companies can't buy stuff or hire people (hitting employment and causing small business and larger ones to fold). NPR had stories about this this AM. car dealership with 35% decrease in the month of Sept. Small businesses whos client no longer want to buy because they can get loans. In the end all this will cost average american a lot more than 200K.

As I understand it, the bail out is not to pay people, but to buy up bad debt in companies so that they can stay afloat, with the thought that at a future time the mortgages will be worth more and the gov. recoups the money

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