Bailout fails and so do stocks!

[stephen]

i don't understand...we all agree that the $700B bail out isn't exactly fair to us, right? well, we lost over 1 trillion dollars today in the stock market, partly due to the failure of the bail out. it almost seems like we're cutting off our nose to spite our face...where's the logic?

[Alan®]

i don't understand...we all agree that the $700B bail out isn't exactly fair to us, right? well, we lost over 1 trillion dollars today in the stock market, partly due to the failure of the bail out. it almost seems like we're cutting off our nose to spite our face...where's the logic?

In all actuality we would have lost that money one way or the other. I have been reading a lot of stuff that says this $700 billion will prop us up for a short amount of time and then it would come crashing down. There was also stuff in there that would have effected those homeowners who actually paid their mortgage but were unfortunately surrounded by those who were irresponsible and bought houses they couldn't afford.

This bailout is not a guarantee. There's a good chance it could work and there's a good chance it won't. Nobody knows.