TheGreatBailout Begins

Well folks, $700 billion is about as much as your going to get. After that we're on our own.
By the time the dust settles, Wachovia will merge and toxic debt as we know it will become
options held by the USA. We can all agree SOMETHING MAJOR had to be done AND quickly.
Office and warehouse pricing needs to be unfrozen with a blowtorch asap as to allow the systems to function in an orderly fashion. Retail leasing will suffer in Q4 but the real impact on the economy will be lending will be back with a fury. Without lending all the NJ firms report sales off 65-85%.
I don't think you see much written about the desert-like feeling of a 105 degree desert , dry with no real sellers, some buyers and few lenders. Yes, there are deals getting done, but they were teed up early in 2008 if not 2007 and are only now closing.
All in all, if this gives us the time we need to sort out the balance sheets then its all worth it. Then we can judge what and which assets are really worth.
Chris