Government buys $1T of securities

[steveo395]

Originally Posted by firstdown

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.

Just like the AIG bonuses. Congress could have put it in the bill that they weren't allowed to give bonuses, but they purposely left that out of there, and now they are acting like they knew nothing about it. They are acting like they are innocent bystanders while the people on wall street are evil for honoring their contracts. The government is going to save us from something they let happen in the first place.

[saden1]

Clearly Paul Krugman is taking his cues from me. I should sue him for something.