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Flasch186 · 09-29-2008, 04:58 PM

Millions of Jobs lost
Millions of homes in Foreclosure
More bad assets on the books everywhere
Small business failings left and right as credit becomes unavailable
Major business failings on a lesser scale but prominent as theyll be unable to get new debt or refinance old

Basically an entire seizure of the engine.

Pain on a scale we havnt seen in our generation.

IMO, w/ the bailout as its stated, if implemented as I see it, the engine will slow to a crawl and standards will rise but the engine will be able to be restarted. W/o it you'll suffer pain and a lot of it, until someone comes up with an FDR like way of starting the economy again (with the world economy as a little help).

the above is only my opinion.

09-29-2008, 04:58 PM	#6000
Flasch186 Coordinator Join Date: May 2002 Location: Jacksonville, FL	Millions of Jobs lost Millions of homes in Foreclosure More bad assets on the books everywhere Small business failings left and right as credit becomes unavailable Major business failings on a lesser scale but prominent as theyll be unable to get new debt or refinance old Basically an entire seizure of the engine. Pain on a scale we havnt seen in our generation. IMO, w/ the bailout as its stated, if implemented as I see it, the engine will slow to a crawl and standards will rise but the engine will be able to be restarted. W/o it you'll suffer pain and a lot of it, until someone comes up with an FDR like way of starting the economy again (with the world economy as a little help). the above is only my opinion. __________________ Jacksonville-florida-homes-for-sale Putting a New Spin on Real Estate! ----------------------------------------------------------- Commissioner of the USFL USFL Last edited by Flasch186 : 09-29-2008 at 05:00 PM.