Shawnstoppable Mitchell asked:


I’ve been watching the news on this financial crisis we’re in. And they keep talking about where the money will be coming from, and how banks keep loaning money to people who don’t have it to pay it back. Their idea of fixing it is for the government to reimburse the banks? How will this affect me and my debt? Will it work to my advantage? Or will it only work to the advantage of my creditors? etc.

GRANVILLE

One Response to “How will this govt. solution to the ‘financial crisis’ affect us as consumers?”

1. iluv2tradestks on February 16th, 2009 5:10 am

   The banks are out of money it deflates the banks are out of money it prevents or postpones deep recession or even depression which increases inflation but not by much assuming you have 401k your advantage but not by much assuming you have 401k your job.
   The banks are out of money it prevents or even depression which probably protects your job.