Yep, it doeslook pretty scary. This is far from the end of it. As of now the bailout stands at 1.2 trillion including the 500 million bill passed by congress and signed by Bush. Looks like the total bailout will be 2-3 trillion in change.
Sad part is I don't think the feds had any choice, other than let the economy crash into a full depression.
Then it would rebuild itself faster and better then the Govt. could ever do.
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I love Christmas lights. They remind me of the people who voted for Obama. They all hang together; half of them don't work, and the ones that do, aren't that bright.
For those who understand, no explanation is needed. For those who do
not understand, no explanation is possible.
A golf course is a willful and deliberate misuse of a perfectly good rifle range.
I can't help but wonder if jeepkid is right. All this bailout stuff puts the fed itself near total collapse, and ENABLES those who made bad decisions like heroin for a junkie. Only the pain of total failure will lead to meaningful reforms in policy and reporting.
$700 billion for the bailout
