SO WHAT HAPPENS NEXT?

So what happens after we throw a whopping $700 billion into the financial markets, assuming this amount of money can even be effectively distributed?

My guess is that Wall Street will get back to business as usual. Things will likely look better in the short term…folks will blindly say, ‘I guess we did the right thing…look at how well the markets are doing!’

If Wall Street-types believe that a second bailout is a real possibility four to six months from now, do you think that they’ll be more or less aggressive with their lending practices? As far as I know, the regulatory environment will not change one bit immediately following the bailout package. Why should we think that Wall Street will change at all in the short term? I’m afraid that the American people are being sold a bill of goods.

There’s no way we can stop this economic slowdown...as such, I’d prefer to implement market incentives rather than government intervention any day of the week.

FMC