We can now all relax. Uncle Sam has decided to bail out whoever got into hot water with all the sub-prime lending done in the last five years. AIG, Bear Stearns, Merril Lynch, Fannie Mae, Washington Mutual - you name it. The government can do it because it can either print money or issue bonds. Unfortunately, most of the bonds will be bought by foreign governments, not U.S. citizens. That's the scary part. The stock market is up so the hemlines will be going up too. It's not all gloomy news. Now, real estate has to pick up again, but builders need financing, too. It's up to the banks now. Please.
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