Quote:
Originally Posted by competentone
The $670 billion is technically "loans" -- sort of like if you, on a personal level, had run up a credit card to its limit and the credit card company increased your limit letting you borrow more.
The bailout package would involve the government permanently removing selected debt off the balance sheets of financial institutions -- sort of like if you, on a personal level, had run a credit card to the limit, then the credit card company said, "Don't worry, you don't have to pay that money back anymore."
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I'm sure you know what you're talking about, but that's not what they're selling the public. I've heard more than one jerk (Bush hisownself amongst) saying the money would get paid back. Apparently the House and I agree that was never to be.
I believe that none of the pundits know what to do. And, I don't think there is much they can do that is worthwhile in the long run.