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[f1ymetothemoon]

Subject: No blank check for Wall Street

Comments

[mrskmw]

Have you read up on what will happen if this bailout doesn't happen?

[pundigrion]

I have! The way they are doing it now just prolongs the inevitable. This happened because of the dismantling of laws put in place after the Depression to avoid just this. For something interesting on how the US might get out of it, take a look at Sweden.

[mrskmw]

I'm sorry, but I will need something more specific than "take a look at Sweden". Sweden is a monarchy so I have trouble thinking that anything they do there would apply here.
While I agree that some changes to the bail-out need to be made (including oversight) before it is passed, if they don't work it out soon then the economy is going to grind to a halt.

[pundigrion]

The method they used to bail out their country during a very similar crisis really was not dependent on style of government. The US economy has been tanking for a while now and no amount of quick fix is going to stop that, the trouble is too systemic.