$700 B Bailout

[Daseal]

One of my professors spoke about this in a business class the other night. He said that something like this happened in either Sweden or Finland years ago, and they tackled it the wrong way. Basically, in short, the gov't bailed the banks out, but in return they took PROFITABLE ASSETS until the banks could pay them back. It was hard on the banks, but fair, and their economy rebounded and just a lot of the industrialized world, their economy is crushing ours. Amazing how far you can fall in eight years.

(That comment wasn't meant as a Bush comment. But roughly eight years ago, the dollar was soaring, housing was soaring, the economy was absolutely rolling. For the last 2-4 years. Not so much. This is due to a lot of contributions, some from Clinton, some from Bush, all approved by Congress.