SamuelRSmith said:
rofl, I lol'd hard both at the legislation, and your comment.
I mean, seriously? |
Think terrorists poisoning the water supply.
To FishyJoe: Isn't the total cost way more than 1.5T with Fannie and Freddy and AIG's ever expanding bridge loan, and I probably am missing a lot too (what about Bear Stearn? How much did that cost to the US government?).
General rethorical questions to everybody: The problem is too many people with mortgages are overleveraged, leading to foreclosures and too many banks are overleveraged leading to insolvency/bankrupcy. The government's current solution is not destroying that debt (by allowing those foreclosures/bankrupcies) which, granted, would be painful but to move it to its own balance sheet. The question is:
What do you think will happen once the government itself is as leveraged as the failed banks were and foreign investors realise it?
"I do not suffer from insanity, I enjoy every minute of it"
