Another great big bail-out with the taxpayers’ money. A further slide to socialism away from capitalism.
As in National Socialism.
So we appear to both be right.
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unbelievable . . . so in essence, if this RTC-vehcile comes to fruition . . . the bankers let the .gov buy all their toxic paper and it gets dumped on us taxpayers.
The responsible parties (bankers) make out like bandits and we (taxpayers) get stuck with the bad paper.
Oh, and just where is the Fed going to come up with the $$ to buy all this toxic waste from the banks . . . print it . . . inflation
why can’t we just let this thing take its natural course . . . sure, it will hurt bad in the short term . . . but the alternative I see shaping up is USSR-esq