[comebacknewt]

We’ll see. That sounds like extortion to me.

Not extortion at all. It is just the way capital markets work.

If we do not recapitalize the markets soon, credit will dry up. If that happens, the collapse of the entire economy will follow shortly behind.

We are in for a very rough ride regardless who wins in November, although Obama's tax increases would undoubtedly make a very bad situation infinitely worse. Increasing the capital gains tax as he proposes to do would take even more capital out of the market and would unnecessarily prolong the recession / depression we would find ourselves in.

The American people would have their "change" though, and they would finally be rid of the "evil" George Bush, so I am sure they will all be deliriously happy if that is the way things play out.

[LomanBill]

[If we do not recapitalize the markets soon, credit will dry up. If that happens, the collapse of the entire economy will follow shortly behind.]

 

Yep, extortion.  Pay now or you're dooooomed.

 

Maybe it was a bad idea to build the house on CDO sand.... just a thought.

 

Folks did just fine before being made addicted to "credit" and "debt".  Time for the country to start living within its means again; and being responsible for the credit it gives and the debts it owes.  Locally responsible.

[Carley]

Right now the demagogues are in charge.

Let’s punish the bad guys.

Unfortunately, we will be the ones punished.

But then, that’s a good thing right?

Insanity rules for now.

[Joan Kerrey]

Not extortion at all. It is just the way capital markets work.
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They’re working?