Quote:
Originally Posted by Phanuthier
Dis, who's pockets do you think this bailout $ will go to, and how?
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$250B instantly into the financial system (banks, mortgage banks etc.) Another $100B upon the Treasury's request. Then $350B more upon approval from Congress.
That's the logistics of it.
Where will the wealth actually end up? Well, the US gov't will acquire up to $700B in bad debts essentially freeing the banks to get back to the business of giving bad loans. 
I guess one major thing that is baffling to me is how creating more consumer debt helps the economy.
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Last edited by Displaced Flames fan; 10-01-2008 at 08:33 PM.
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