$700,000,000,000.00 of play money.
The same people who denied there were problems until just recently and the same ones that have recommended the past few failed attempts at halting this downward economic spiral are now asking for $700 Billion to try again. They were initially saying there was not a problem (when it was obvious to most that there was), then that the problem was just limited to the sub-prime mortgage sector, then after they have to bail out Bear Stearns they proclaim that they will not have to use any more taxpayer money for anything else, and now they are finally saying that we had serious issues with the architecture of the whole thing and want some money to throw at they think is the problem to see if they can change it's course, this time.
By a ratio of 100 to 1, the American people do not want this bailout to take place. But that does not matter, it’s not about what the American people want, it’s about what the other side wants.
Illiquid Assets explained - Watch the video
What does $700,000,000,000.00 look like anyways? Lets see.
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