Where will all the 200 economists that Shelby from Alabama is holding up be if we do nothing and the economy collapses. It is really interesting watching the drama unfold. The Democrats are supporting the President more than his own party !!!. You could not do theater this good.
We know something must be done. But the Wamu experience shows =us that there is money in the market to buy up fallen companies. I am pleased with the way Congress did not rush to judgment this week. I hope that what comes out of this is a good strong package that helps us all. I am going to be optimistic.
It's nice to say let them all fail . The Wall Street folks caused this, so let them fry. But what are the consequences? I would like to see them all squirm too. But if I end up next to them in the pan because of the fallout I am not so sure I will be as eager to see them all fry.