Mr. Taxpayer vs Mr. Main Street - cougarguard.com — unofficial BYU Cougars / LDS sports, football, basketball forum and message board

Ma'ake · 09-30-2008, 11:27 PM

Credit crisis starting to hit Main Street...

http://www.reuters.com/article/topNe...nnel=0&sp=true

Among those who are opposed to the big bailout idea, is there recognition that a serious economic crisis is occuring as credit dries up?

Or is the reaction more along the lines of "well, we're going to have to pay the price sooner or later... might as well be now", with a shrug & acknowledgement that things are going to get a lot worse before they get better.

(As an Econ grad, I wonder if there is an inertia aspect at play... ie, can the capital markets get so stuck that even greater sums of money will be required to dislodge the logjam.)

09-30-2008, 11:27 PM	#1
Ma'ake Member Join Date: Jan 2006 Location: SLC Posts: 441	Mr. Taxpayer vs Mr. Main Street Credit crisis starting to hit Main Street... http://www.reuters.com/article/topNe...nnel=0&sp=true Among those who are opposed to the big bailout idea, is there recognition that a serious economic crisis is occuring as credit dries up? Or is the reaction more along the lines of "well, we're going to have to pay the price sooner or later... might as well be now", with a shrug & acknowledgement that things are going to get a lot worse before they get better. (As an Econ grad, I wonder if there is an inertia aspect at play... ie, can the capital markets get so stuck that even greater sums of money will be required to dislodge the logjam.)