Refo, you are correct imo.This is a credit crisis, there needs to be liquidity & a confidence restoration.This bill will go through to help restore some confidence.
Remember the US thrives on credit & debt & will continue to do so imo.
Loans almost run peoples small business to pay wages,buy cars,student & UNI loans etc etc.
Remember the SEC banning short selling,well they are the same fools that raised the amount of Credit & Debt allowed to be held by banks & mortgage lenders,by raising the amount of % that could be held they are partly to blame. ( you should google that one imo.)
Anyway to many uninformed opinions on here for my liking.
vote will be on wed evening us time, page-23
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