Posted by: I_think_so September 30, 2008
bailout fails!!!!
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Never ever thought of losing that gigantic amount in the single day because my chunk of fortune is gone as a result of downgrade of Apple Inc. and freaking steep market decline. These financial illiterate congressmen and congresswomen don't know much about how much they are losing their own equity on their retirements holding such as pension, 401K, IRA etc. These politically motivated pinhead self absorbed clowns won't get another chance to serve people in congress after Nov 4 election.

They need to educate how market and economy works in capitalistic society. Credit market is the fuel for the economy. Freezing in credit market will result severe consequence that will spread out of Wall Street to Main Street. Jobs will be lost, getting loans for car, home, college will be much more difficult. Home prices will further deteriorate to all time low. There zillions thing will happen unless congress pass the new bail out plan as soon as possible. So far 12 banks have fallen or seized, many more banks certainly will fail.  
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