Saturday, February 7, 2009

Bailout Reloaded - Here we go, back.

I read this article today:

http://articles.moneycentral.msn.com/Investing/JubaksJournal/on-the-way-a-bigger-broader-bailout.aspx

Bailout II: another attempt at saving the economy by using taxpayers' dollars. This will end the same way as the first. The author, Jim Jubak says:

" Paulson's Bailout I proposed that the government buy these assets, which was why it was called the Troubled Asset Relief Program. But when push came to shove, the Treasury abandoned the idea in favor of injecting capital directly into banks -- and insurance companies and credit card companies and the financing arms of car companies and . . . "

uh huh - so, they proposed, sold it, then changed their minds. Politics - government - nothing new.

ut now they are proposing it again - yes, the exact same concept as Bailout I. Anyone care to set odds on the changes of them actually doing what they say?

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