Congress to bailout Wall Street

The Congressional leaders are meeting this weekend to hash out an agreement that will save the US economy and global economy from collapse. Financial ananlysts say that if the deal is not reached soon there could be very serious consequences. While the public is not liking a multibillion dollar bailout of Wall Street. Most believe that this is the only way to curtail a fiscal crisis since the Great Depression. The importance of this is to save Main street, keep jobs and credit flowing throughout the economy. Banks are holding on to bad debt that keeps them from lending to businesses and consumers. The government would buy this bad debt until the real estate market turns around in few years and turn a small profit. There is also a concern is that foreign investors may pull out of the US if they do not believe that the economy will turn around soon.