Reply #23: Because it is necessary. Look this is about the credit market. If the credit market seizes up

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which it the problem they are trying to address here, the entire economy will go into a crashing spiral. Companies borrow money regularly for things like payroll. This isn't about giving some fat cats a bunch of cash it's about keeping the economy moving.

Here are some other fallout items:

1.) Car loans will be incredibly difficult to get
2.) Education loans will go away
3.) Credit card companies will freeze accounts

If 100 banks fail and lending grinds to a halt, thousands of businesses will go under within a week or two. Millions of Americans will be out of work and the dollar will plummet. If the dollar plummets, we'll see HUGE inflation. This will force the fed to raise interest rates which means the credit market will further tighten. Suddenly, places like Wal*Mart won't be discount stores anymore because all of the foreign goods they sell will increase heavily in price and if you are out of a job, your credit limits are reduced to nothing and you don't have much savings (the vast majority of the American people) you will be in for a very very rough time.

Our economy is literally hanging by a thread here and this thing has to be pushed through. I don't like it anymore than anyone else (and I do NOT work in the financial services industry and do NOT stand to gain anything at all personally from this bill) but this has to go through or we are actually looking at another great depression and it will begin in weeks.

This situation is very bad and the government has done a bad job of explaining this to the country (possibly because they are looking to avoid blind panic in the markets and runs on banks).