jpinpb, I’m also against any bailout but I have an inkling that our banking system may be on the verge of collapse unless something happens. It’s f’d up that the banks made these reckless loans but we all need banks to be solvent.
cooprider, I would not be surprised if there were also talk of some credit card bailout. I was listening to NPR and they were out interviewing people who are indeed racking up massive debt on their credit cards. It was a news report about how popular those “payday advance” check cashing places are… Basically they give you an advance on your paycheck for some outrageous finance charge. The reviewer stated that at times the lines were out the door… And most of the customers are regulars. People were getting paycheck advances in order to make minimum monthly payments on maxed-out credit cards.
