>>bail out the taxpayer first.
How would you go about bailing out “the taxpayer”?
I’m not in the “bailout business...however our congresscritter’s have been blithely going along throwing trillions at a mess that will never be paid off until the American job machine gets a new engine and transmission.
The root of banking problems..based in local origination fraud in communities and compounded by the fraud perpetrated on the world by our investment banksthrough the securitization of these bad loans. Simply paying all securitized morgtages off at least solves the problem in BOTH communities and Wall Street; the only reason this has’nt happened is that the Congress..elected to be the people’s representatives in DC..would rather function as Wall Street corporative representatives..and we, their employers, let it happen.