Current+Jay

http://money.cnn.com/2008/09/24/news/economy/bernanke_testimony/index.htm?postversion=2008092412 This article is about Ben Bernanke's thoughts on the $700B bailout. Bassically his thoughts were that the government needs to act quickly, and if they do, that is would cure the financial crisis we are in. My thoughts are that Bernanke made it sound a little too easy. I think this is a procedure that will take a long period of time. He did say it may take a number of years, but I still think he made it sound easier than its going to be. My question is why he had to say who to blame. Its our country in a crisis, so its our country to work together to get out of it. I think blaming people or groups was a poor idea.

http://dealbook.blogs.nytimes.com/2008/09/24/buffett-calls-bailout-bill-the-right-thing/ This article is about a famous inventor, Warren Buffet's thoughts and ideas about the $700B dollar bailout or other solutions to this crisis we are in. Buffet thinks that the bailout is the correct solution to this problem. Buffet said he will donate money to help out with the problem. I think Buffet will make a difference in the decision because he is a very respected man and his voice will be heard. My questions are who will be making the final decision? Is it possible for Bush to just veto the whole decision?

http://washingtontimes.com/news/2008/sep/28/700b-bailout-plan-finalized-house-to-vote-monday/ This article states that the Congressional leaders released a final legislation. This legislation stated that they came to a final decision to create the $700B bailout. This article also says that the House will vote on this legislation monday. Questions/Thoughts: I think that this country realized that they needed to act instead of just discuss this issue and I am not suprised how quickly they have already come to a vote.

http://www.bostonherald.com/business/general/view/2008_09_28_How_we_got_into_a__700B_mess/ This article is Laura CRimaldi's ideas on how we got into this terrible crisis. This article explains how we got into it and why they are discussing this $700B bailout idea. Questions/Thoughts: If there is 1.4 trillion dollars of mortgage debt, then why are they only discussing $700?