Dear AR,
It has come to my attention from some REALLY smart people that what we have been witnessing in the last couple of days is potentially one of the most catastrophic financial events in our short history, perhaps the world. It is not a bailout plan and trust me me when I say it.....Wall Street is not going to get rich off it.
It is a financial stabilization plan. Our banking system and yes they are all mostly on Wall Street (coincidental) and the future of our economy has got to have the ability to lend money to keep the wheels of our economy moving. Without it, it will shut down. Not slow down, but stop moving. Some companies have short term capital, but when we are talking trillions of dollars to just keep the lights on and make payroll, it is no small sum. Without the ability to borrow money, when everything is slowing down, spells "we have no way to pay the bills"
Do not think for a minute this will not affect you. If the companies of America run out of money or the ability to borrow, that trickles down to you and me and your neighbor...We can not sit back and lt this happen. Hank Paulson and Ben Bernanke are smart guys, really smart. I think they know things we do not and we need to trust what they are saying. Our future depends on them and we do not have long to wait. Quit the bickering! Make it happen....make the money available so credit markets can loosen up and companies can start borrowing again.
You think things are bad now?.....you do not want to witness the collapse of the greatest economy in the world right before you eyes. Our future depends on it.
I am sorry for the doom and gloom. Personally, I despise that emotion, but this is not something we can sit back and debate much longer. It is serious, really serious.
For more information, please read John Mauldin's Frontline "Who's Afraid of the Big Bad Bailout"
Stay sharp.
Thanks for stopping by
To your success
Until next time my friends,
LEADING EDGE TITLE SOLUTIONS
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Bo Hussung
Vice President of Sales
phone ~ 615-438-7300 fax ~ 678-261-1594
email me ~ bhussung@cogentca.com
web ~ www.cogentca.com
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