Schumer: Why Can't Bailout Money Be Given In Installments (to see if it even works)

Quote from 2ticks:

Personally, I do not like Screwmer. However, IMO, his "idea" of issuing the requested funds in phases, with regular review, seems like a viable solution. Paulson/Bernanke did say they anticipate using 50B monthly, so Screwmer's suggestion of 150B for starters gets things started and carried up until the next Administration. Very reasonable, imo.
More...
Actually, Chuckie was simply exercising some common sense, when comes from a Senator, is it always unexpected. Bunning showed some common sense as well, when he said that taxpayers who are extending unprecedented money, ought to get a warrant or something for all the green.
 
Seems to me there is almost no chance that 700 billion doesn't happen. There is simply no way you wave that kind of money under a politician's nose and have them say no thanks. Now we are just grandstanding for the camera while everyone tries to get a piece of the pie.
 
Quote from Ticketwatcher:

Actually, Chuckie was simply exercising some common sense, when comes from a Senator, is it always unexpected. Bunning showed some common sense as well, when he said that taxpayers who are extending unprecedented money, ought to get a warrant or something for all the green.
More...

IN THEORY, I 100% agree taxpayers deserve something. IN REALITY, you and I, and even the ET geniuses that abound, KNOW that even if there is a "something" to get, taxpayers will never see it.

Nothing more than a talking point for current and future elections.
 
analogy of us economy/financial system as a person paralyzed laying on a train track -

paulson wants to pull the whole body off at once

schumer - can't we just pull his leg off the tracks and see if it works and what the train will do to him
 
You must log in or register to reply here.
Back
Top