Let It Flow $700 Billion

$US700 billion bail-out through Congress will help to stabilise money and credit markets that have threatened to cripple economies worldwide.
The tightness of the credit markets is only likely to improve once the US Government starts actually buying the toxic debt, which could take months.
Businesses need to borrow capital to invest, expand and employ people; without it, factories close, unemployment lines grow, and spending dries up. And unfortunately the problem is not just confined to the so-called titans of Wall Street.

The package does not deal with the underlying problems of the massive oversupply of US housing or the country's contracting economy and falling employment.

The financial-market rescue package is a step in the right direction, but further steps are necessary to get credit flowing again.