If you think this is going to fix the problem, you do no know anything about financial markets. The markets will continue to tank as the full burden of the $700 Billion dollars become $1 Trillion and then $2 Trillion before this mess is done. The US Government has now done what it has openly chastised other countries in doing: nationalizing their markets. The US Government with the help of Wall Street has taken down the last free-enterprise mechanism in the USA: its open, free functioning financial markets.
This bill and all its unintended consequences will come home to roost sooner rather than later. Bush 43 will go down as the driver of this move towards socialization and when the USA is in taters with all its enemies shouting and cheering, remember it started with this bill.
Thursday, October 2, 2008
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