i know absolutely nothing about the economic situation. i really should know more. i apologize for my ignorance. anyway, i hope it works itself out. i don't really think a bail out is the best idea, but it depends on the bail out. i do think the mortgage and banking industry need to be reworked. and so do people's ideas. debt is not necessarily bad (everyone's in debt), but getting in debt one cannot pay for is extremely bad.
down with the overexpansion of credit. up with moderation.
and please, anyone, tell me what i need to know, if you have the time and motivation. i don't have the motivation (i suppose i have the time) to try and figure it out for myself.