Reply #25: Remember those check mailed out last spring? That delayed the shit hitting the fan.

[FarCenter]

Although, there was much whining about taxpayers saving, rather than spending them, the savings probably helped keep bank assets a little higher than they would have been otherwise. This delayed the day of reckoning for the banks until the October timeframe.

They miscalculated, though, since if they had added a few hundred more, they could have gotten past the election.