This is only the beginning

Thursday, September 25, 2008

It looks like the (latest) bailout plan is passing, despite overwhelming public opposition (at least 80-95%). Get ready for more after this "works" for a few days or weeks.

From the CNBC website today:

THE BANKING SYSTEM NEEDS ANOTHER $500 BILLION to survive beyond the $700 billion rescue plan being contemplated by Congress, said Pimco founder Bill Gross.

Again, I really do hope this works, but I feel sick to my stomach.

Here's a link to a sampling of the alternative plans some have proposed. Congress doesn't seem to care enough to consider any alternatives, though.

The Big Picture - bailout plan alternatives

Good luck, comrades. We're going to need it.