Tuesday Sept. 23, 2008 Its the economy still

Last night the political pundit that I watched on TV (I usually don't watch TV in the evening),
felt as I did, though he was more expansive about the risks of giving sweeping powers to the Secretary of the Treasury. As I was driving home and hearing that Paulson was calling on Congress to move quickly, I felt very uneasy. I was talking to the radio. It is probably true, that the economy is collapsing very rapidly, but moving quickly on the government's purchasing flaky and flimsy financial products? Why should the American people be as stupid and reckless as everyone in investment banking? When I got home, I learned that Marc had called his Congressmen, and he hadn't done that since the Viet Nam war, he noted.

Then there was commentary about how the situation was difficult for McCain and Obama. They are both Senators, by the way. They have a job to do and we will be able to watch them. All they have to do is their job, that will tell us a lot.

Some opinions:
Congress shouldn't go home at the end of the week.

Everyone in investment banking should go out into the homes of mortgage owners who are facing foreclosure and they should renegotiate their mortgages with them face-to-face....with their own resources.