Not only that...gekreischSeptember 21 2008, 23:11:38 UTC
It's 700 billion, 'at any time', which means we can pay a little bit down, then they add more money - just as long as it's less than 700 billion, it's "okay."
The whole thing was three damn pages.
This goes far beyond moral hazard - the Congressmen they spoke to said that what Bernanke told them was "terrifying". Yet not one of them seems to feel like telling the rest of us what that "terror" means.
If this is the only solution, then they should come clear what the alternative is without it.
seriously, I would be for this if this was a well-thought out plan with a LOT of strings...regulation, oversight, caps on severance packages, and on and on
but to just give failures a trillion dollars free and clear is so wrong its outrageous
Comments 2
It's 700 billion, 'at any time', which means we can pay a little bit down, then they add more money - just as long as it's less than 700 billion, it's "okay."
The whole thing was three damn pages.
This goes far beyond moral hazard - the Congressmen they spoke to said that what Bernanke told them was "terrifying". Yet not one of them seems to feel like telling the rest of us what that "terror" means.
If this is the only solution, then they should come clear what the alternative is without it.
Fucking Ridiculous is right.
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seriously, I would be for this if this was a well-thought out plan with a LOT of strings...regulation, oversight, caps on severance packages, and on and on
but to just give failures a trillion dollars free and clear is so wrong its outrageous
Reply
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