Friday, September 26, 2008

The lost of chain of trust and the stall of the negotiation

The protests in Washington against the bailout plan show the lost of trust from American people to their politicians. This lost of trust makes the republicans legislators lost trust on their president, the Bush administration. The international creditors now can clearly observe the this chain of lost trust and they may start to lost trust on the US economy as the political system of the US, which is supposed to be able to plumb the financial system, clogged up. I guess this is my hunch that leads to the worry of no bailout plan.

If no bailout plan get through this time and economic disaster does occur, will American people regret about their anger now or will they say that it is a price they would like to pay in order to punish the greedy bankers?

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