Tuesday, September 30, 2008

Free fall

dow jones drop"The biggest single drop in Dow Jones history" - or something like that.

Yes, it's a crisis. There are tons of unknown effects that bad decisions on the part of bank CEOs, CIOs, CFOs and CQOs will have upon us all.

I guess I agree with those who said that our government should not bail out the mistakes of those guys. (Yes, those bad guys were predominantly men.) I hate the idea of our national debt increasing even more. And I'm ashamed, as an American, how this will negatively affect the rest of the world.

But I take comfort in the fact that God knows what's happening... "All governments have been placed in power by God." (Romans 13:1b, NLT.)

2 comments:

Julie Layne said...

I know it's hard to know what to believe and what not to, but I thought this was an interesting article, and seemed fairly neutral, on why the bailout could be a good thing, although the fine print is still a bit hard to understand.

http://www.frontlinethoughts.com/gateway.asp?ref=reprint

Looks like you have to enter an email address to read the whole thing. I read it on someone else's blog.

Julie Layne said...

And here's another one that came my way.

http://www.daveramsey.com/etc/fed_bailout/3_steps_to_change_the_nations_future_10928.htmlc?ictid=sml

Interesting stuff. What to do, what to do...

Seems like these two opposing views have certain similar goals, but which will get it done?