Two men enter, one man leaves.Mr_Cyberpunk wrote:I challenge Jonas to Thunderdome!!! Two go in! One comes out! (My state was actually where Mad Max was shot and also where Mel Gibson comes from sorry about that btw! )
Confidance is actually more important than anything else. The banks could probably turn around these problems if they had time, but because people lack confidance the banks don't have time.* That's why there's a chance the 700 billion dollar plan will break even, or possibly even turn a profit, we can take the time that the banks can't.Also I think you guys are on to something, EER and Chris. You can understand why the recession is going to happen. This is having a negative effect on growth since the banks keep loosing money all the time.
The entire economy depends on the idea that everyone won't want their money at once. When people are afraid their money might go away they all want it at once.
*I don't think they'd come out on top, but there's a difference between doing badly and failing. They can recover from the first, the second not so much.