[novemberslady]

imo
The market is trying to correct itself.
The more that government involves itself the longer the correction will take.

The market doesn't seem to like the idea of an obama presidency either.

[calcowgirl]

The more that government involves itself the longer the correction will take.

I agree. Did you see the one-page ad that a Texas venture capitalist, Bill Perkins, put in the NYT a couple weeks ago? Accompanying the graphic (The New Communist), he said: "Let me know if I'm going into a business where I'm going to be competing against the government. I need to get out of that business." He nailed it, IMO.

[DannyTN]

"The more that government involves itself the longer the correction will take. "

I dissagree. A liquidity crisis is not something you want to leave to the free market, because the market will crash. And it's completely unnecessary. It's the nature of a fractional reserve banking system, when the reserves have been allowed to go too low to maintain depositor confidence.

The market can weed out a weak competitor without going into a liquidity crisis or depression. A depression doesn't do the market or anybody else any good.