This is getting out of control.
Was it ever under control to begin with?
The purchase of preferred stock for the taxpayers is a far better option, and will immediately put capital in the banks to loan...it will also give the taxpayers a ‘FREE MARKET’ USE of TAXPAYER DOLLARS...not a socialist answer..I like this use of money. Invest in America and make a return by selling the preferred stock at a later date and be done with it. The stock purchase is immediate capital for bank and with stock as collateral for moeny it is sure return on money. I like it.
It’s totally out of control and there’s not a damn thing we can do about. We’re supposed to suck it up and lose our life savings. Looks like they want to control our 401ks too.
I have witnessed Compassionate Conservatism and it has been found wanting.
The turning point was the GOP switch on the bailout. Now....its pretty much a lost cause for the next few years. McCain, and the GOP, could have stopped this but they sold us out.