Why should the world end?
I am thrilled the House voted down the bailout bill.
Democracy in action.
It was a misguided idea.
I am sure Paulson will keep coming back to Congress till they vote for something.
In the meantime, the FDIC seems to be fixing this mess without any help from the proposed bailout bill. In just two days they have overseen the dispostion of two giant banks - Wachovia and Washington Mutual - at little or no cost to the taxpayer.
Jamie Dimon of JPMorgan said they would not have been able to do the WaMu deal if the bailout legislation had been in place.
Let the system work.
Paulson has been wrong about the crisis since the beginning. Enough is enough.
No comments:
Post a Comment