The Bailout Revisited

The problem with the "bailout for banks" which was just signed into law was that originally, the President did not explain to the public exactly what it was supposed to accomplish. Now that it's been spelled out ( in a good speech by the President yesterday), I understand it more, and I could definitely see the need. It's true- banks have not been lending very many people money. As a matter of facts, a lot of people took their money out of the banks, making it even tougher for the banks to lend. It will probably take a little while for people to relax and spend.