Wednesday, October 01, 2008

Bailout is Not For Wall Street, Its For the Economy

The bailout is not for Wallstreet. It is to keep the economy going.The problem, in essence, is that the Federal Reserve has gotten so overextended they don't have the money to do this, and thus it's become necessary to approve more borrowing by the Treasury. Purchases of troubled assets will generate 10 times the loans and kick start the economy.

read more | digg story

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