The Big Bail Out probably won't succeed, but it might by the Powers That Be time until after the new President takes office to mollify the US Public. Here are some detailed projections of what is likely to happy from Jim Willie:
http://www.financialsense.com/fsu/editorials/willie/2008/1002.html
One special note: There is good reason to expect at least one major banking "holiday" ("lock down" is a better description) coming shortly. This is what happened in 1933 immediately after Roosevelt took office. Sometime between now and, say, February, we should expect the same thing - but expanded to cover banks and credit cards.
Keep your eyes and mind open,
Michael Childress
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