Dark Star

This is about the best explanation of it that I have seen. Very clear language. You will know what' going on after reading this article.

Charlie Martin: Making Sense of Our Financial Mess

It started ten days ago, with a series of events that had the result of “freezing” the credit market. What that means is that banks and other financial institutions stopped lending one another money and people started moving away from money markets and similar kinds of accounts — the savings accounts of really big companies — and moving their money into Treasury bills. They were so frantic to get out that, for a short while, Treasury bills were down to zero yield. This is pretty much the definition of fear on Wall Street: they were so worried about losing money that they were willing to lose money.

If this goes on, here’s what could happen.

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I disagree with the assertion in his last few lines that Democrats will now pass a much more Liberal bill with a party line vote. This argument doesn't make sense to me and this isn't the first time I've seen it. If the Dems had the guts to do that, they would have done it the first time. They already own the cause of the vote, they don't want sole ownership of the vote, too.