True. Just as the first RTC gave taxpayer money back.
My main interest in it is that it will probably jumpstart the housing market which I feel we need more than anything.
IMO, "jumpstart" is too strong. Stabilize and prevent further declines is what I would hope for. I believe everyone is guessing at this point. Too complex, are the securities that they are proposing to buy.
But, if this thing passes, it damn well better at least stabilize the markets. If not, we are in deep stuff.
What does a doofus know, though? I believe a chain reaction has started and no one knows how it will end up. Its in God's hands, but we should try. I don't believe just letting this play out will work. I hate saying that, as a Live Free or Die conservative with strong free market beliefs, but there it is.