No. Banks got fearful of taking any additional debt, despite an infusion of money from the Feds. All loans were too risky, so they stopped making them for a day last week. The market requires liquidity to operate & banks need an expectation of a return to provide it. The problem is real.
I wonder why Bush is so “gun-ho” on this?
As I sat pondering this, and thinking about how scared he appeared when he first spoke to the nation, I wonder if China has threatened to call in it’s loans unless something is done?
With Paulson’s connections to Democrats/China, I just can’t help but think that there’s another monster more hideous out there than even the Democrats and O-boy.