Will we all lose our jobs if the bailout bill is not passed? Why 700B? Why not 350B?

To those who say dont give them jack..are you cool with going through a great money, no jobs for the next decade?

Asked By: the man - 9/25/2008
Best Answer - Chosen by Asker
Without the Bailout plan you will see more and more banks go under. The issue with the current crisis is one of liquidity. Banks take in deposits from their customers and then lend most of it (less the required reserve) out to commercial customers and personal customers. The problem came about when they started... More
Answered By: Justin W - 9/25/2008
Additional Answers (3)
Why not 1B and let the fools fend for themselves?
Answered By: I'm surrounded by idiots - 9/25/2008
Answered By: Shauna_Mizah - 9/25/2008
Only if you worked for the banking industry and the bail outs didn't happen. Then and only then would you lose your job.
Answered By: Sam C - 9/25/2008
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