Correct. I did use the wrong word. I am certainly not looking for housing prices to do a fast turn up. I would be happy with stabilization as well.
To tell you the truth, when I consider that a $300 billion housing bill was just passed a few weeks ago with hardly the batting of an eyelash, I am not appalled at the $700 billion figure to get us out of a real jam. Sure, spending is a large problem and we need to shrink it and I think McCain may just be the guy to do it. But I just don't find this 700 B figure the apocalypse that most are declaring, especially since as you say I see a lot of it being recovered.
If it were up to me, whatever passes, this or a guaranty of some sort, the takers must share the pain. I would put all of the executives on a govenment level payroll. No more multimillion dollar salaries — $200K or so. No dividends to stockholders. A hold on stock options.
The people running these companies should make millions while taxpayers are at risk, and their shareholders should also take a hit. If they can repay the money, I don’t care if they pay their executives $1 billion a year, but not if they are playing with OUR MONEY.