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Quote by: Scribbler1  compounded it with the bailout. Remember when Paulsen first proposed the bailout plan? He pretty much told Congress to give him $700 Billion dollars and then leave him alone to do whatever he wanted with it, with ZERO oversight or even any involvement. |
At least the first bailout went to purchasing assets, equities and make loans. Could theoretically all be returned to the government. It instantly fixed troubled balance sheets that could of gone bankrupt, Costing the government more to gurantee FDIC accounts. This time its going into a black hole, never to be seen again.