The more they warn about the markets crashing, the more people sell stocks to move their money into safer investments.
Our leaders are fanning the flames of hysteria to push this through. Congress is resisting, and not just the Republicans, but a large percentage of Democrats.
That sounds like a pretty good indication that this is a very, very bad bill.
Congress should settle down, and make sure any bailout, if a bailout is needed is done right, and provides minimal interference by the government.
Some banks may collapse while this is worked out. That's the unfortunate result of bad business practices, and the proper place to address it is in bankruptcy court.
We already have a system by which people are protected from the worst results of their bad decisions. We shouldn't make this a huge exception from how things are usually handled just because those that made big mistakes are rich and powerful.
“As a rule of thumb, Congressional legislation that is bipartisan is usually twice as bad as legislation that is partisan.”
-Thomas Sowell