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Originally Posted by Riot
Yeah, I do. I think the $800 billion dollars - most of which has NOT yet been spent, but will be over the next two years - has kept us out of a depression - that alone is pretty damn significant.
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Hell there was no depression coming and what has been spent hasn't fended it off. My question is that if an $800 billion dollar package was needed immediately then why is so much money spread over the next two (preelection) years? Couldnt be political could it?
There are so many lies, half and untruths about the entire Wall Street bailout that it makes you wonder if anything coming from the govt is truthful anymore. Now AIG's credit default swaps werent a huge problem????? Now we find out those nasty "unregulated" markets werent in any danger of collapse after all. Will we still need hugely expensive and unnecessary regulation for the CDS market now after the truth has been revealed?
Of course we do. More govt is in our best interests afterall. Even if they make up the story as it goes. At least Wall Street's congressional districts arent made up.