Another product of ITulip.com. This YouTube Video merges speeches by Ben Bernanke, cartoon clips of Wile E Coyote and the author's interpretation into an informative video clip about the chain of events leading up to the $800 - $850 billion Wall Street bailout passed this week.
An important assertion made in the video is that the bailout is only a temporary shot of grease to aid in the revival of bank lending. The bailout will be temporary if real estate prices continue to fall. If prices continue to fall, the toxic real estate debt, held by banks, will only depreciate further forcing banks to build offsetting cash reserves and freezing up consumer lending even further.