When Maggie Collins began working at Alton Memorial Hospital and realized there was a shortage of hats for the babies being born there, she went back to school.
And it was important and it was not just symbolic but it certainly was a dramatic backstop here both for lenders who are in trouble to some degree or on the verge of being in trouble as well as those depositors who were concerned about making payroll. that said they re watching the market and realize it will be a bumpy couple of days. they re hoping they did enough but they know perception is just as important as reality sometimes, john. phil mattingly, thanks for getting us started. with me in studio, bloomberg s maggie collins and gina smallic of the new york times. you hear phil using terms like facility. the president saying this is not a bailout. taxpayers won t pay any money here. how is it different from 2008 even though some of the language is familiar? i think it s different in a couple of really important ways. one of those ways is that banks as a whole are in much better shape. and so in 2008 we saw a situation where banks had