wallster

No Wonder the $700 Billion Bailout 'Deal' Failed

Terrible post. "Socialistic" best describes the bailout in general, where losses incurred by wealthy individuals will be shared with taxpayers. This is the bailout supported by Bush, McCain, and Paulson, as well as those you probably call socialists on a regular basis.

Would you advocate giving Paulson $700b and tell him to go nuts without any oversight? Sounds like you'd prefer that.

I agree that some of the housing preservation stuff is too vague, but

The "Worst Is Over" Crowd Is In for a Shock

Jason, the move may have helped the economy in 1990 but it didn't stave off recession. That is the point the author is trying to make, not that the move itself is useless.

The market had another 15% decline after August 1989.