1. What happens if nothing happens?
If the government doesn’t bail out Wall Street and the banks, will we all be in bread lines and Hoovervilles, planning our trips west to Californy? Or will we just face a deep recession or something more moderate even?
I’m not asking for fortune-telling here, just some scenarios.
2. How better could that $700 billion be spent?
Why not spend it on shoring up shaky homeowners, who are ultimately the wobbly foundation causing the debt edifice to collapse? More like this type of reporting, from yesterday’s Washington Post, is in order—and fast.
