The people that run this country all use banks. Those that employ any real number of people all use banks. People who make any real contribution to the economy of this country all use banks at some point. Everyone that really counts as far as the economy is concerned uses a bank.
Do I believe my money in the bank is insured by FDIC, well of course- do I believe I can rely on them to pay out the full amount or possibly any amount in the case of major bank failures? NO. My grandfather thought he was secure during the Great Depression because he was holding a lot of government war bonds from WWI and other governement bonds. He was wrong. When he went to cash them in as times got tough for him he was paid pennies on the dollar and told if he didn’t like it he needed to hold them longer.
This is why I think it is vital to our economy for congress to work out some plan to head all this off, and keep working on the problems night and day until they have the issues dealt with and faith in our economy is restored.
“The people that run this country all use banks.”
This debate that needs to end started with my statement that the typical voter is probably more interested in the presidential debate this week than in the financial crisis. Now it’s strayed far afield.
I’m sticking with my statement, and my #1557 shows the large audiences (60 - 80 million) who have watched the debates in the past, with this one expected to be one of the most watched ever. But since McCain has made this grandstanding move, it looks like we won’t have the Friday night debate. So, we won’t really get our comparison of relative interest since the interest starts more after the first debate.
We’ll see if this move dampens interest in the debates, whenever the first one might be held. And those debates are the largest audiences the nominees will have, and the best opportunity to improve their support among the voters. As I said earlier, several candidates have been made or broken in past debates. The most important few hours of the nominees campaigns.
Now they’re saying that most of the deal has been ironed out, and is expected to pass, and I don’t think McCain has even made it back to DC yet. - I think the opposition was mostly just posturing so the pols could say they made their objections known, but the stakes were too high to not go along with the deal.