| The problem is the bail-out is futile, if he's just using to bail out the institutions, which of course he;s going to do.
Unless he helps the ppl who defaulted on their loans, there are going to be homeless and unemployed ppl everywhere in big numbers. It is actually going to be big trouble.
He should rescue maybe a handful of important instituions and the rest help the verage American.
also where is America going to get 700b from? They already cannot pay the interest on their debt.
Are they going to print as much money as they want?
Are they going to borrow from China and Europe? If yes, then why should the US dollar remain the world currency.
This whole thing stinks.
On another level, they buy up homes on the cheap, while people becomes homeless.
What a nice way to keep people desperate. |