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Help me understand this. Re: the Gov't's financial "plan" today.

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LeftyFingerPop Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-18-08 06:02 PM
Original message
Help me understand this. Re: the Gov't's financial "plan" today.
The way I understand this, they essentially set up a trust to take over the bad debts of the banks.

Isn't this just more printing of money that we do not have, and therefore, hyper-inflationary?

Sounds to me like it would just be better to let everything flush out, and start from scratch as it were.

Am I missing something here?
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MercutioATC Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-18-08 06:08 PM
Response to Original message
1. No, you're not missing anything.
Now take your meds and be docile.
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SpiralHawk Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-18-08 06:08 PM
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2. "All our debt are belong to you. Smirk." - Republicon fatcat economic cronies
Edited on Thu Sep-18-08 06:09 PM by SpiralHawk
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