Deregulation and poor policy caused the mess...Why don't they talk about doing something about that? It smells too much like the Iraq war and WMDs to me.
Interesting the conservative Republicans are voicing the biggest opposition. In this case I think they are correct. Senator Shelby (R) AL is one I am not often in agreement with, but I think he's right on on this:
Secretary Paulson presented Congress with draft legislation that would grant him sweeping authority to spend up to $700 billion in taxpayer money to buy illiquid securities. The stated goal of this scheme is to return confidence and liquidity to our credit markets. I do not believe this is the right approach. We did not get into this situation in a matters of days, and we are not going to fix it in a matter of days.
http://latimesblogs.latimes.com/mone...ican-le-1.html
2008-09-26, 05:36 PM
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