$700 Billion & Counting
So this plan to buy up all this bad debt from big business with taxpayer cash and thus let the government “fix” the economy is not making any sense to me. Mind you, I’m not alone in thinking that a no oversight plan is a bad idea. Of course I don’t think it takes a degree in economics or business to know that signature only mortgages were a bad idea either. Am I crazy, or does this bailout plan feel a lot like a signature only mortgage with the bills coming due to the entire country?