Also idk if this is the greatest country in the world but I know I have the opportunity to be or become whatever I choose and I don’t have to worry about stepping outside my frount door and getting shot at.

the consumers is a good thing to save but really you want to save both small business and the consumer. Let the major corps rot. The world would be better off if WalMart, Microsoft, and several others go bankrupt.

You realize that it's because of the corporations that small businesses are in trouble right? Heavy regulation is needed in capitlist countries, because it has proven itself, again and again, to be a failure with the low level of regulation you put on corporations.

thank God Im a poor starving college student. I dont have any money so I dont have any money to lose.

(sigh)

Yes and no...A lot of companies have a problem now thx to the domino effect we are having.

 Company X goes bankrupt,  Company Z had rented company X money but will not get the money anymore;..A high risk it will go bankrupt.  


If one big company fails a lot of small ones will follow.

If you want to take a good look at how this started rolling, start looking at The Community Reinvestment Act of 1977. Then look at the reforms in 1994 that pretty much forced banks to give mortgages to those who shouldn't have had any to begin with. Then tie in the big Investment Banks putting these subprime mortgages into securities. Thats the best of my understanding of it.

Hmm it is good you don't have a say in it, because that is some major illogical stuff

It's going to be at least 1-3 months before the first penny of that 700 billion $ bailout bill is used to buy the first asset of any bank, so bit early to blame it :P

Credit will remain rare to find for a while..( and we lost one extra week because the same people that Ok trillions of dollars of spending for Irak couldn't ok 700 billion to save the US economy...)

Issue is not saving major corp vs saving the small ones..

The small business relies on credit even more than the big corp. No credit = no business.

As long as bank don't lend things will be bad, the bailout is aimed at restoring credit...

I know this....

The credit crunch is really starting to hit home. I just read that out of people with good credit 90% would get approved for a car loan, and now it's down to 60%. People with questionable credit had a 50% chance and now it's down to 10%.

Even if you have great credit there is a good chance you won't get a loan. Car Dealerships are tanking.