Whatever happened to the magic of the market and letting capitalism run it's course? 700 Billion ends up being $2333 for every man woman and child in the US.
The price of the assets we are supposed to buy is left up to the discretion of Secretary Paulson (George Bush) I thought the deal is we get to take over the places going in the tank and sell the assets, I don't want to just give a bunch of rich wall street firms money, no strings attached.
And why exactly is this supposed to work other than stopping panic? Putting 85 Billion into AIG did nothing.
That small portion of my investments left in the market has only a fraction in the banking sector anyway. Let all those brokers go get a real job. Who has shares in these big banks? They wanted deregulation, they got it. Meanwhile all the CEOs are going to walk with thier mulit million dollar severence contracts just like whatshername from HP.
Sorry, no deal.