Government buys $1T of securities

[firstdown]

Originally Posted by saden1

In your world any bailout is serious negligence and gross miscalculation so I am not entirely sure you're in a position to do any serious analysis. AIG got bailed out for cause and if I was a betting man I would bet your insurance business uses their service up the chain.

I don't have a problem with goverment bailouts but blindly giving them money is a hugh problem. I bet if you asked Obama or congress to tell us what was done with just a 1/10 of the money they could not answer the question any better then saying it went to AIG, Chevy, Ford etc... How the money is getting used and how it will be paid back is my concern. Not sure about your last statement.