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  • From: Lynn Wigglesworth <lynnw1366 AT hotmail.com>
  • To: <homestead AT lists.ibiblio.org>
  • Subject: Re: [Homestead] Is it serious, or is it not?
  • Date: Wed, 1 Oct 2008 08:23:12 -0400


Marie; that's a great article. It really puts things in perspective.
Thanks for posting it.

Lynn Wigglesworth

Marie McHarry wrote:
> On Tue, Sep 30, 2008 at 8:49 PM, Gene GeRue wrote:
>> Or is this not an emergency?
>
> Who really knows? Pick your economist. I expect that if all credit
> really did disappear that more people than just those who would
> normally have access to credit to buy cares or a house or whatever
> would be affected. I'm not sure I want to see what would happen if
> everyone started to pull their money out of banks.
>
> David Cay Johnston is an economic writer who recently retired from the
> NYT, but he hasn't been a cheerleader for Wall Street. Here's his
> comments from the New Republic:
> http://blogs.tnr.com/tnr/blogs/the_plank/archive/2008/09/29/celebrating-the-bailout-bill-s-failure-and-looking-ahead.aspx.
>
> It's a pity that this happened such a short time before the election.
> Congress panics easily enough, and now -- well, the panic ain't
> pretty.
>
> Marie
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