A Broader Perspective than Talking Heads?
I've evidently been living in some remote dream world. Are so many Americans dependent on credit in their personal, day-to-day lives? (I understand the need for credit/liquidity in markets, between banks, for businesses -- and for home mortgages.) How long has this been the case, and for how many people IS it the case?
It's reported that over 50% of Americans own stock. Who does? Who doesn't? (demographics) How heavily invested?
Does it matter that a third of American homeowners have no mortgages? And that about 60% of Americans *are* homeowners?
Are we fortunate that the Bush plan to tie Social Security to the stock market failed? Would that have accomplished the same thing as the proposed bailout and 'spared' us this panic?
Guess I should change my forum name to "TooManyQuestions". It's a life-long problem! LOL