Suggested by Bill Burruss: Congress somewhat reluctantly passed a $700 billion bailout for financial firms, hoping to shore up their books and loosen credit strings. What’s your reaction?
(If you want to read more about how Sweden handled its eerily-similar credit crisis in 1993, you can read this New York Times article.)
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I think the government is horrible at managing money and is kind of ironic to think that they are the ones coming to the rescue. We will have to see how it all plays out over the next couple of years.
We should have taken the same money and given to banks who know how to lend. We should promote good business not bad
Guys, I’ve been in the real estate business since 1977. I’ve seen interest rates during the Carter years hit all time highs, and I got through the 90’s. I feel that I saw this one coming, but I did not expect it to come so fast and hard.
Andrew, thanks for running this poll.
I think that is was needed, but horrible. They need to get that money to work now, rather then dilly dallying around.
That move is really irresponsible, and they are wrong if they think they can fool the people. Simply it is needed at least 10 times more then $700 billion to come normaln in economy.