Mr. Taxpayer vs Mr. Main Street

[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.)

[MikeWaters]

Maake is crying because some moron doesn't have a big enough down payment to buy a new car.

What a cry baby.

Next, are you going to cry about people needing down payments to buy houses? Are you going to cry that you actually need INCOME to borrow money?

[Ma'ake]

LOL

Dude wanted to buy a big truck anyway, so maybe this is the Lord's way of making him come around on his carbon offsets, even if he doesn't like it.

[il Padrino Ute]

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.