Big Fed Meeting, Sept 23rd Video Mortgage and Financial Market Update

Good day friends! Well, we are interesting times to say the least. This morning as I am sure you have all heard, Treasury Secretary Paulson and Fed Chairman Ben Bernanke are testifying on Capitol Hill this morning, basically pleading with the Senate Banking Committee to convince congress to inject $700 billion in to the economy IMMEDIATELY. To hear some the words being used by Paulson and Bernanke are quite concerning. Things like "Extraordinary Turmoil," "Quite Adverse" and "we can debate later but we need the bailout NOW!" When the heads of their respective governmental agencies start using stern words like that, there is probably more to this then the you and I realize. They gave detail and examples the huge impact of the consequences of not stepping in. They said money for small to medium business would dry up, in turn causing businesses to not be able operate in these challenging economic times, causing more unemployment and more foreclosures. They also pointed out there would be the inability to borrow money on big ticket items like homes, cars, appliances and electronics. Basically our economy would come to a complete halt. Not something I want to experience, I will take the tax hit and hope we learn from this critical errors that have been made. Please watch the video for more details. Be Blessed!