Reply #23: It will continue until the banks all fess up to exactly what trash they have in their basements

[SoCalDem]

If liquidity makes the world go 'round. no amount of taxpayer money infused into banks will "save" the overall economy.

In a 70% "service" economy,. it only works as long as the multitudes go out shopping EVERY DAY...EVERYPLACE..

One break in the chain, brings the whole thing down..

A guy at Sears loses his job, and the family quits going to the movies, they stay away from the donut shop, they do not buy the kids those new bicycles, the wife starts cutting their hair at home, they don;t eat at restaurants..

Every business they frequented, starts to feel the pinch of their lost business from that family, and the many other families, and soon they lay off too, and the circles gets wider and faster...

Once in the vortex, it's almost impossible to get out,,

UNTIL.. the DEMAND comes back..

and demand will not come back until people have RELIABLE paychecks again..and enough money to catch up their missed payments, replenish or start some savings plan, and feel comfortable again..

It's a chicken-egg dilemma..