It sure is and I think folks are extremely short sighted to trash the government’s attempt to bring liquidity to the markets. The thing was agreed to on Friday, and folks are wondering why it hasn’t fixed things by Monday.
What’s sad is that I see a sort of glee regarding the fact the $700 billion hasn’t fixed things yet. Being able to say, “See I told you so!” is more important than the markets working as they should.
Good grief!
If we had taken that measure a week earlier, it may have helped a little by now. Instead we played chicken for a week until the liquidity was frozen solid. Well, here we are. This is what folks said wasn’t about to happen.
If this doesn’t turn around quickly, folks are going to find out just how screwed things can get. We’ll see how happy they are to ‘bite the bullet’, something they demanded to be able to do.
okay, it’s been hard to keep up because i’m in the middle of elections but WHEN did this credit crunch develop? i haven’t seen mention of major problems till the last week...or did i miss it? to this point i’ve seen no short term lending issues.
alaska is looking like a good place to be now.