>>Three months from now we will be in the same place, with another 700 billion gone.<<
I sort of disagree. I think that three months from now another 700 billion will be gone, but we will be in a worse place.
Your right. In order for a bailout to work it would have to be about 3 to 4 times this much. ( we know that will not happen) That can’t be sustained. So do we let it go, or only purchase bad morgage paper? Should we continue down this path? Or suck it up and let it go 4 or 5 years and live through the times of real trial. I feel it is best for the nation to let it go, 5 years from now we be able to recover and start to grow again. Those who forget history are doomed to repeat it.