About that 700 billion (or was it 2.7 trillion?)

[Warren Stupidity]

that was supposed to be the ex lax for the credit crisis on wall street?

It failed.

"U.S. stocks drop sharply and credit markets seize up"

With Thursday's rout, $8.3 trillion in stock market wealth has been erased in the last 13 months.

Investors are growing increasingly worried that big banks like Citigroup, JPMorgan Chase and Bank of America, which have all received billions of dollars from the government to bolster their finances, are still too weak. The price of Citigroup's shares plunged 26.4 percent on Thursday and other financial shares fell to fresh lows.

Investors said the weak condition of many large banks had exacerbated the pain in the financial system because those institutions served as critical intermediaries in the trading of securities, particularly in the credit markets where securities do not trade on exchanges. Because they need every spare dollar to shore up their own health, those banks are not as willing to make markets in securities that may be even slightly risky.

http://www.iht.com/articles/2008/11/21/business/21stocks.php?page=2

[Raschel]

1. Paulson said the money was given so that people could get loans to buy homes and cars.

Isn't that great? That the treasury secretary and the President and congress don't know that most people are just trying to hang on to the cars and homes that they have?

This is madness.