Mr.G

Bailout: Here's How to Fix the Fix

There does need to be a real viable solution -that is a step in the right direction - Representative DeFazio also wrote another solution which was ignored and far less risky as well as less expensive - The Senate, the adminstration and the Fed seem to think that what actually started the problem is going to fix it - I have read enough opinions of experts on both sides of the fence to know it wont work -and it seems that those who warned of these problems a year and a half ago are still ignored . What I expect to see if this bailout passes is the 700 billion being used to prop up a very small amount of banks -so they can gobble up market share when the house of cards fall -I will assume it will be Bank of America- Goldman and Chase -what is about to be seen is the biggest consolidation of banking ever