The problem with the House Republican's insurance alternative is that it would do next to nothing to fix the current situation. While it could be a possibility to prevent later situations, that does not help what is going on currently.
As I said, the current plan offered is not perfect, but it at least affords us an opportunity to stabilize the financial markets, which is something that needs to happen soon.
Something tells me that either you’re a shill or you’ve bought into this fasle sense of urgency. Pray tell, what is the current situation?
How are the Credit Default Swaps/receipts impacted by a Republican House Insurance plan? This is all very confusing, but my thinking is that the government should not sign on to be responsible for any of those derivative instruments—especially since they don’t seem to have any real assets backing them. Bad investment idea, so banks, hedge funds, etc. that had em lose!!