Wookiegirl
Well-Known Member
i discovered that this new bail out bill was approximately 450 pages long. i'm sure everyone that voted had a staff of readers available to read each section and summarize before they voted. either that or the threats of market crashes and marshall law really reigned them in.
but i digress. i'm definitely no big brainer on this but i want to make sure i got this straight. i mean 450 pages of legalease is way beyond my realm of knowledge power. but if i got it right, in a nutshell, it would seem that this bill ultimately sells all the bad debt of banks to the government at a mark up. so we, the taxpayers, get to finance this bad debt of credit card debt, bad loan debt, etc. we don't even get any good capital out of it.
just makin sure i got that right
but i digress. i'm definitely no big brainer on this but i want to make sure i got this straight. i mean 450 pages of legalease is way beyond my realm of knowledge power. but if i got it right, in a nutshell, it would seem that this bill ultimately sells all the bad debt of banks to the government at a mark up. so we, the taxpayers, get to finance this bad debt of credit card debt, bad loan debt, etc. we don't even get any good capital out of it.
just makin sure i got that right