@AmCan 180229 wrote:
The reason the announcement of the bailout hasn’t helped, is that people are too scared to risk their money on corporate debt, so everyone is paying (giving up interest) to get into US government paper. So despite all the debt the US gov. has taken on, people still rather have their debt than a private corporation.
Exactly. No one has confidence today and not many had confidence when they did the bail out. I guess we could throw another trillion or two at the problem, but IMO it will still not give anyone with money any more confidence.
I no longer trust Paulson/Bush. They did not have a clue what would happen and still don’t today.