As of 7:50 this morning it appears that the Congress email server is overloaded again.
Mike | 10.02.08 - 7:55 am | #

And we're looking at signs of a major depression:

Personal consumption expenditures plummet;

Unemployment insurance claims have risen sharply to almost a half million;

Manufacturing production falls sharply;

Ford sales decline 35%;

the TED spread is at new record;

See:

http://calculatedrisk.blogspot.com/
Michael H Schneider | 10.02.08 - 8:11 am | #

Excuse my simple thinking, but if the problem at the Main Street level is lack of available credit, why can't the government just loan banks money at the current 2% rate?
Mike | 10.02.08 - 11:49 am | #