Quote:
Originally Posted by Ma'ake
Credit crisis starting to hit Main Street...
http://www.reuters.com/article/topNe...nnel=0&sp=true
Among those who are opposed to the big bailout idea, is there recognition that a serious economic crisis is occuring as credit dries up?
Or is the reaction more along the lines of "well, we're going to have to pay the price sooner or later... might as well be now", with a shrug & acknowledgement that things are going to get a lot worse before they get better.
(As an Econ grad, I wonder if there is an inertia aspect at play... ie, can the capital markets get so stuck that even greater sums of money will be required to dislodge the logjam.) |
The way I see it, if WaMu can't loan me money to buy a car, I'll go to Jordan Credit Union. Or do financing at the dealership.
There's always a way to get credit if I want it.