$700 B Bailout

[firstdown]

Originally Posted by djnemo65

Sorry First, you are behind on this. What you are describing is the collapse of the US housing market, which is only the first part of the story. The bailout does not purport to address this, which is a major reason why the public is not supporting it. How we went from a correction in an overvalued US housing market to the potential collapse of the global economy is a bit more complicated than you are allowing.

I was not talking about the bail out. Someone asked how the whole mess got started and that how it got started. Yes there is more to the whole story but thats how it started.