Quote:
Originally Posted by gtahvit
I'm no expert and don't have a lot to add but I think what needs to be considered is this money is to help the sub-prime market. Which really doesn't play into those of us who pay our bills... In short, The Government just bailed out the banks who made bad loans to people who can't keep their commitments, and the rest of us get nothing for doing it right. So, I guess we said the same thing... Sort of.
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did they? or is the fed just trying to take it all if the banks can't pay it back? i guess that is the real question, what happens if the banks can't pay it back? i can't see the fed being happy with loosing $200B. i can just foresee a massive drop in the dollar if that happens. (not that the dollar can get much worse) but if that happens.... wow