Just to put the last week into perspective, the bail out bill does nothing. Yes it will pour money into the system. But the economy is still in the tank. Not much will come from this short term. Long term it's up in the air.
The real reason for the bill was to give confidence and reassurance to to people so they have faith to lend money again.
They did that with a bill in congress. It was all witchcraft.
They could have just as well had a Santerian ceremony where a Santerian priest kills a chicken, slits it's throat and then swings it all around to have blood spattered all over the NYSE. It might have given the Wall Street Types some confidence.
OR not.
That's the problem. For the program to work, they gotta believe. If they don't believe the bill could have been for 2 trillion dollars.
The chicken would have been just as good....... If they would have just believed.
And it would have been cheaper.
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