The Fed is going to give emergency loans to wall street brokers, how will this affect the economy? Harm/hurt?

Question

Emergency loans, similar to the ones banks get on a permanant basis, are going to be available for credit to investors on wall street until september. This just reminded me somewhat of the depression/crash of 1928-29. I don't think that this will necessarily lead to a crash, but I would just like some imput on the situation. Keep it clean...

Article url: http://biz.yahoo.com/ap/080708/fed_credit_crisis.html

Answer 1

The more the fed and governemnt step into personal credit crises, the worse off we're going to be.

All these people didn't research or have any knowledge what they were doing the last 5 years, especially in the real estate market, and now they're s******g over investors who did their research.  I don't feel bad for anyone who is losing their home or business because in some way their personal ignorance led to their downfall.  They always say "save for a rainy day" so losing a job and not being able to afford a mortgage should NOT be the responsibility of the government, just like it shouldn't be the Fed's job to bail out greedy investors.