Just to be clear about something that the media is ignoring, this money is not going to the employees of the investment banks or to the shareholders. It's going to be used to bail out the "customers" of the investment banks, so in effect it's already going to each of us. When we go to get money out of the bank to pay our bills, there will be a building there and a cash machine and tellers, instead of a closed up shell and a sign that says "Vote Democrat."
Good point but I was also including all the people that were flipping houses and making mega profits. I hope the goverment gets these properties at bargain basement prices and the can sell them at a profit later. Then again if we enter a period of hyper inflation all bets are off. It will get real ugly.
No, it's not going to each of us. It's going to those among us who could not manage their money. Those of us with some sense of not overextending our credit, and not over-buying our homes will get no benefit, but will be required to pay for this debacle for decades through taxes.
No, it's not going to each of us. It's going to those among us who could not manage their money. Those of us with some sense of not overextending our credit, and not over-buying our homes will get no benefit, but will be required to pay for this debacle for decades through taxes.