Comment 26690

By ventrems (registered) | Posted September 24, 2008 at 13:37:30

debt and credit is fundamental to how or finance system works. people borrow money to make things happen (buy homes, go to school, run a business). if the day comes when people can no longer borrow money, i hope to god i'm long dead.

and yes, it can be both. it's not as severe as past recessions beacuse the public has not lost confidence in the financial systems. the problem here is the lenders made some terrible decisions and now are running low on money to lend. this plan is to give them money so the normal operations of society can continue, as opposed to seizing up to a halt, as jason appears to welcome.

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