$700,000,000,000 Best case scenario (and it sucks)

[Arct1k]

This is a disaster in the making that is not well understood. It isn't about wall street as reported on most shows it is about credit between banks and consumers - There is NO liquidity in the market at the moment and that is going to mean no cash to lend - Try getting an unsecured or secured loan or mortgage in a few months.

Which bank are you going to go to - wamu, wachovia, merrill lynch, lehman, bear? There will be few left soon RBS, B&B, Northen Rock in the UK.

$1 Trillion in asset value was wiped off the stock market today - Even if you don't have shares directly this is your money - Its your 401k, your company pensions and your health insurance company savings. America lost more today because the powers didn't pass the bill than America could possibly have lost on the bill! Now that is irony for you...