Saturday, October 11, 2008

“BA’T NAG-CRASH PA RIN?”

Nearly a month later, and we’ve seen more of these bailouts and attempts to stabilize the market through more infusion of funds into the needy entities.

What happened to the bailout package of the US Congress? Wasn’t that supposed to restore confidence? Are we still expecting its effects for us to benefit? When they finally buy off all the bad loans and place them in special purpose vehicles, which is really just accounting hocus-pocus, will we be better off? Perhaps the bailout package was too small?