JohnnyC

The Bailout Plan Still Has a Fatal Flaw

Can you imagine if Paulson got his plan though two weeks ago? My head is still spinning and I'm just now starting to get it. We've rescued AIG, the banks are buying each other - it's now "illiquidity" we're bailing out. I guess I see why there's strong sentiment against this bill - we're bailing out bad decisions by consumers and lenders. Nice job Markham.