Quote:
Originally Posted by Table 5
These people are elected to lead and make decisions, not to do do whatever the popular vote desires. Who do you think we should listen to, a guy like Warren Buffett or some angry grandma calling her local congressman?
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I think you are dramatically overstating the support for this package from the "expert" community. There are a lot of things wrong with the package and throwing money at the problem is far from the only solution that will restore a modicum of liquidity. Grandma may be angry for a different reason, but that doesn't make the bill right by any stretch. IMO, any firm accessing a buyout fund should be in default and the equity holders holding the bag. Any outstanding debt could/should be backed to avoid crippling liquidity, but simply putting together a deal to protect these companies is irresponsible and not in taxpayers interest, again IMO.