What is next
Okay, so the fed has now bailed out the banks. Great. Corporates will now get their money and things will go well for them...for now.
But, what about all the other collateralized products? Credit Cards, car payments, student loans -- so far the discussion has been limited to real estate. But in our debt binge, were there bad lending practices for those forms of debt as well? Ie, were valuation for those products artificially inflated?
And what about hedge fund collapses? Do you think that the risk to the system will be systemic enough to warrant another fed bailout?
