You know that most of what I've been writing about this week is the bailout. So here is a rundown of nearly all of it. Because I'm shameless that way:
Yielding Wealth looks at how the Treasury came up with the number $700 billion (it's scary, I promise!), my issues with President Bush's Wednesday night speech, Henry Paulson's power grab, and a rundown of links to places that address the bailout.
Personal Finance Corner offers two different opinions on the bailout: One looking at why the bailout might be necessary, and one examining that a depression may be just what the doctor ordered.
LoanShak and WorkShak didn't see much action on this one, but both have some postings: Questions many are asking about the bailout, and President Bush's less-than-inspiring speech on Wednesday, as well as a look at business credit in this climate.
Banks.com Mortgage blog and the Investing blog also saw a lot of bailout goodness:
- Is now the time to buy a home?
- Mortgage rates and the bailout.
- Should homeowners be included in the bailout?
- Bailout delay brings down stock market.
- It's a stock market roller coaster ride, determined by the status of the bailout.
- Statement shock will happen when you look at your retirement account.
- Buybacks become popular on Wall Street.
Also, don't neglect some great commentary from PunditMom, My Two Dollars and Moolanomy.
Seriously, that’s how they came up with $700 billion? Scary. This whole thing kind of scares me. Not the economy being bad (well, kind of), but the government involvement in all of it.
Yeah. It’s a bit alarming. Especially since it appears that not a lot of thought is being put into this.
Thanks for the link, and for all the other great links to other sources!
No problem. I think that there are so many great resources out there.