[gpk9]

" ... underscores the sheer scale of the commitments TAXPAYERS ARE BEING FORCED TO MAKE to shore up confidence." [emphasis mine]

"As a result, governments are reaching for several new tools to tackle the crisis. British officials were on Friday putting the finishing touches to measures that will attach government guarantees to instruments such as mortgage-backed securities and corporate debt."

This is sheer, utter, complete, total freikin INSANITY!

Our "leaders" are literally taking us headlong down into an abyss we will NEVER pull out of.

[razorback-bert]

Okay, raise my limit to $500,000 and lower my rate to some negative number.

[preacher]

Sundays are becoming the day of the week for closing banks. Will there be any this Sunday?

[jiggyboy]

Anybody have the over-under for the implementation of “Directive 10-289”?

[org.whodat]

The US government’s decision

Correction, would that not be emperor Paulson's decision!!!

In other words, having proved he is not smarter than god, he has decided to keep digging to get out of the hole he's made.

[Cementjungle]

I guess B of A’s idea to give credit cards to illegals really worked out for them.

[hiho hiho]

Try these —

No payroll taxes or tax paperwork for companies with more than 10 employees for the next 6 months.

Or, no payroll taxes for new employees hired in the next 6 months.

These tax holidays would kick start the economy like ether in a carburetor. (It would also illustrate how much government stands in the way of business.)

[research99]

As it did in the late 1970’s-Early 1980’s, hyperinflation will work in the favor of debtors, who are obligated to repay fixed-rate mortgages and other credit. This will conversely, draw the balance sheets of creditors (consumer banks) down. So far, we’ve only seen deflation (which may the bank’s, and the government’s, last hope).

[Attention Surplus Disorder]

I’d have to agree, the whole future of the US appears to have carjacked.

[o_zarkman44]

Government has new tools?? THATS SCARY! They don’t know how to use the tools they have now.......
And there is a heck of a lot of loose screws in Washington.

[Leisler]

Bailouts of Mass Destruction.

Rest well, Free Market, your work is not needed here anymore. The ‘Elite’, masters of the Universe, the all knowing, well pensioned are in charge.