The House on Friday passed a far-reaching and historic plan to bail out the nation’s financial system. It might not be the BEST bill we’ve ever passed and it might even hand we the people a little larger deficit, but no matter what you think about it, doing nothing would at all at a time like this would be far more catastrophic. At least the FDIC minimum being raised to $250,000 ensures a bit more liquidity for banks. We just have to wait to see how all of this filters down.
I think we are a long way from seeing a total return. Months or years. No matter how long it takes, accept this, Congress has voted for the people and hopes to boost our confidence. Thank you for doing this and thank you for making sure that the parties who caused it are not rewarded!
-d