That's Two Thousand Three Hundred Thirty-three Dollars PER AMERICAN. $2,333 for every single man, every single woman, and every single child in the United States.
THAT'S what the $700 billion bailout to purchase troubled mortgage assets is going to cost us. And there ain't no guarantees they'll " make markets more transparent, limit executive compensation, or assist homeowners fighting foreclosure."
Marcy Wheeler has more at FireDogLake. And Ian Welsh has much more at FDL.
Wall Street is praying for salvation through this cash. Meanwhile, I know people who lost their homes, and won't get dick from the government.
Something is very, very wrong here.
2 comments:
How strange that this happens just before a critical national election. The drums are pounding urgently, DO THIS NOW - DO THIS NOW - ASK NO QUESTIONS or the world will collapse and the Democrats will be guilty.
Why does this seem so familiar?
oldswede
So why don't nationalize Haliburton?
that should cover it.
UptowNYChick
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