 egoldstein says: Geez...these numbers are simply too large to comprehend. What do the banks lose? They foreclosed on the loans and repossessed the homes, re-sold them and now a bail out? What am I missing? Seems the taxpayers pay twice. Let's take a look at the Kaisers Germany when the solution was to just print more money. 10000000 mark stamps were the norm. Is this where we are headed? This Administration has done more damage to the USA than Bin Laden could every dream of doing. Wonder if he ever thought that Bush/Cheney would turn out to be his greatest ally in the jihad against America. $!00,000 for a loaf of Bread? Sack full of paper for a Drink? A crumbling economy can mean rampant inflation that increasingly accellerates with economic 'feedback' money isn't worth the paper (or Plastic) it's written on, People will learn how easy it is to deal with each other Bartering, trading, paying in kind Working as groups and communities rather than some Archipelago remote from each other. And the new open mind of the new generation unfettered by the shackles of the past, and with the resources and communucative potential will soon make us wonder why we let money control our lives for so long. money used to represent something of value, a mark of good intention a promise that a debt... Talks Implode - Partisan presidential politics seemed to trample what had been exceedingly delicate Congressional negotiations over the $700 billion bailout package. http://www.nytimes.com/2008/09/26/business/26bailout.html?_r=1&hp&oref=slogin |
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