Comments: Any thoughts on the bailout issue?

Consumerist has been doing a nice job covering it.

Posted by Chris at September 29, 2008 06:42 PM

Huh. I had Economics in High School (11th or 12th grade, I think). Doesn't help me understand what's going on, either. Not so sure that would help. How about just basic bookkeeping? Seems a lot of these folks don't realize that you have to have money coming in to have money going out!

Posted by Amy at September 29, 2008 07:37 PM

This is how the whole thing went down in the first place...
http://nymag.com/daily/intel/2008/09/what_happened_at_lehman_in_30.html

And this is how we should've fixed it:
http://www.nytimes.com/2008/09/23/business/worldbusiness/23krona.html?em

There was a great question and answer article about the package's strengths and weaknesses while it was still being put together that I'm trying to find for you...

Posted by Eliz at September 29, 2008 09:37 PM

My husband has written a new Jailhouse Rock song titled, "If you can't afford it, don't buy it...." Trying to teach the kids what they need to know!

Posted by Carrie at September 30, 2008 07:06 AM

@ Eliz: thanks - that first article is great. i can't quite wrap my brain around the second one right now, but i'll try back later.

@ Carrie: do you mean Schoolhouse Rock? :) That would be awesome.

I also had econ in HS, but not nearly enough of it to conquer this mess.

Posted by Kate at September 30, 2008 12:28 PM

I don't think an economics class would help, or even bookkeeping. People get this skewed idea that "everyone" is "getting away with it" and it will last "forever". It's like buying lottery tickets. The odds are astronomical but folks buy them anyway. After all, it could happen.

Not to mention our economy is pretty much based on the idea that we spend every last dollar in an effort to keep up with the Joneses.

Posted by Carrie K at October 3, 2008 03:20 PM
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