The Deal's Getting Done, But Will It Work? [View article]
from the ny times re the current bailout agreement:
"Among the last sticking points...how to pay for any losses that taxpayers may experience after distressed debt has been purchased and resold...
In the end, lawmakers and the administration opted to leave the decision to the next president, who must present a proposal to Congress to pay for any losses."
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from the ny times re the current bailout agreement:
Sep 28 08:18 am
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All Comments by adan »The Deal's Getting Done, But Will It Work? [View article]
"Among the last sticking points...how to pay for any losses that taxpayers may experience after distressed debt has been purchased and resold...
In the end, lawmakers and the administration opted to leave the decision to the next president, who must present a proposal to Congress to pay for any losses."
for me, this is unacceptable