"....I have repeatedly said that the crisis facing our nation’s financial systems is one of solvency and not one of liquidity. The core of the problem is that our government, our banking system, and our citizenry are drowning in debt which cannot be repaid. Each (and all) need to focus on paying off, or reducing, the debt(s) they have and not look to more and cheaper debt as any solution. Digging a deeper hole will not make any “light at the end of the tunnel” visible by any stretch of the imagination. "This is an election year and on November 4th the people will elect a new President and Vice President, one/third of the US Senate, and the entire US House of Representatives. All the incumbents can TH*NK about is their re-election. The votes last week were nothing more than to give the lame appearance that “something” was being done by them. They all had hoped (and prayed) that the lid would be kept on these crises and that the bodies would stay swept under the rug until after the election. Such did not occur… and the knee jerk reaction was to burden generations of taxpayers with more debt." - - - Fred Cederholm