NEW YORK — Washington's financial bailout plan is now law. So the credit spigot will start flowing again, banks will resume lending, and an economic recovery can begin, right?
Wrong. Experts say the most important thing that needs to happen before the $700 billion bailout even has a chance of working: Home prices must stop falling. That would send a signal to banks that the worst has passed and it's safe to start doling out money again.
http://www.foxnews.com/story/0,2933,432763,00.html
Thanks Democrats. Thanks Republicans that voted yes. Thanks George Bush.