Bailout Bill Fails; Dow Plummets 780 Points

[manasecret]

Originally Posted by Professor S

(Quoted from this thread.)

I feel just like one of the people in the crowd of that cartoon. I was given this link to a good explanation of the crisis, or at least what I can only assume is a good explanation. Reading all that economic mumbo jumbo makes my head spin.

I'll give it another whirl because I know I can eventually understand it, but damn the public is in desperate need of someone to very simply explain the causes of this crisis.


One more thing.

Originally Posted by Xantar

Come on now. I don't have very much time to post anywhere.

I feel like I should respond as well, because Prof. S's comment on Xantar could similarly be said about me. I gave up on two threads, the Georgia thread and the the New Orleans thread, because of how much of my time got sucked into those threads. Plus, any time I wasn't actually responding or reading responses, I was still thinking about the thread. I require concentration for my job, and I couldn't concentrate at all when I was in those discussions. While I appreciate Prof. S's time he takes to respond, I can't keep up with it.