The plan whether you call it a bailout or a rescue is meant to deal with the crisis in confidence in the financial markets on Wall Street. The American people' s crisis in confidence runs much much deeper and is with the political parties and so-called leaders the parties offer for elected office. The Democrats were POSITIVE that they would win in 2004 because of the wrong track poll which indicated a majority of Americans thought the country was on the wrong track and favored the party out of the White House. What the poll reflected was that Americans were not confident in any of the political leadership in power nor what was offered them. Because an election is simply a choice between two individuals, they chose the cowboy who was all hat and no cattle over the spandex suited windsurfer dude married to the Pickle Princess and given to the affectatious pronounciation of Genghis with a soft g in his youth. Bottom line, it ain't so much about the plan as who is selling the plan, Bush, Paulson, Bernanke or anyone in Congress. The crisis in confidence is the American people's crisis in confidence in their leaders and that is much how it plays out here as the details of the plan which has no details.
Its realy simple you wish you could keep the money that were in your own pocket and envy those that end up getting them. It could have been you.
Yes, we need to start the DEPRESSION as soon as possible. One month T-Bill rates went negative today. Get a clue, people.
you're too much of a low life to even comprehend the concept of honor most people dont wish they were welfare scum, and not wanting their honestly earned money going to scum is not envy
Banks were giving credit to people that are not able to pay it back as a result we are where we are today. Now those people that are not able to pay it back do not have access to new credit because people that can pay it back have no problem getting credit line, buying car, house..... So by giving 700B to banks will provide access to credit for people that are not able to pay it back.
The banking system is FROZEN. The commercial paper market is FROZEN. One month T-bill rates went NEGATIVE today. You don't get it. This doesn't have much to do with the people that you cite, as much as it has to do with avoiding a total economic meltdown. The banking system loans money out to individuals, businesses, and government. It is the financial intermediary that makes the Economy run. On another note, too ironic how people in Congress stand up and "grandstand" villifying Wall Street while they sat their "cheerleading" Fannie and Freddie handing-out mortgages to people that had no possible means to make good on them. And Chuck Schumer is talking on the "cheap" about only $150 Billion in a $14 TRILLION DOLLAR marketplace? What an ass.