The Sky is Falling! Or is it?

[Pax]

I watched the senate hearings today & realized that I had misunderstood the bail out plan. I now get (I think) that the plan is aimed at unsticking the market for mortgage related assets to free up capital/liquidity, rather than aimed at bolstering troubled financial firms. Will it work? I don't know. I'm comforted that Warren Buffett thinks it's a good idea.

I heard that as well, and support it.

It is my personal desire that the greedy people who became wealthy (or more wealthy) from the practices that caused this crisis...are no longer wealthy. They should have to help pay for the mess they created.