I have mixed thoughts about this staggering bailout proposal - and am trying to learn as much as I can from various points of view.
Speaking only for myself, there is no better position to take than the one you describe. The situation is complex, and the best description that I can muster is to state that Government/Private institutions are now caught in the rapids of a financial river moving swiftly toward the Niagara Falls of the credit stream.
The bailout sounds reasonable in the context of a looming meltdown; and doing nothing, to quote Andrew Mellon, could result in some serious"liquidating". However, I heard Bill Kristol, through his high speed mumbling this AM on FNS, refer to an
interesting article with another point of view.