I believe the reality of the situation is that there will be a bail out, just different from the one proposed. Why? I believe it is a political bail-out. I believe it shows the incompetence of government to handle the financial affairs of the country. Take a look at how Dodd and Frank and Reid reacted when people didn't just accept their solution. How freaking out of touch can these folks get?
Do you want the group who denied any culpability trying to provide a solution? It looks like they deserve a long vacation from government service.
Why do I say I predict a bail out? It is a political reality, it is their butts on the line and they don't want to be left holding the bag.
Do you believe the rush to pass this bill now is more for political than economic reasons? Wouldn't you feel better if we studied the best way to resolve this since it involves $700 Billion instead of being rushed into to quick passing it? This didn't happen overnight.
November 4 looms.