bailout

I admit that I don't entirely understand this whole financial markets thing. Mostly, I assume it's smoke and mirrors. How can our government afford a $700 billion bailout? And I admit that it's probably morbid, but I do sort of wonder what would happen if we one day woke up to find that all the money disappeared.

What irony, that the proposed bailout is named TARP (for the Troubled Asset Relief Program). The NYT just published an article calling the TARP "the financial equivalent of the Patriot Act." Marvelous.

So far I've heard of two hiring freezes affecting friends of mine.

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