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Wiggins

What do YOU think should have been done with the $700 billion bailout money?

Gbob_north:

We should have stabilized the accounts and loans made by those companies, we should not have kept their offices running, we should have allowed the competing banks to take over.

These banks became the biggest lenders by taking risks, other banks may not take the same risks but they shouldn't. It looks like those banks will continue to make new loans and continue to compete with banks that DON'T need bailouts.

Wolfhound:

it should not have been spent

Smudge:

Should have paid down our debt to China. Oooh or bought lottery tickets with it.

Smudge:

How about go to disney land 57 times?

Smudge:

How much does Iraq cost? To buy I mean, do they have a REMAX agent?

Porkenstein AKA Pork, Porky, Porkens:

So you are suggesting we should have paid back our debt to China with money borrowed from China?

Smudge:

Thats deep John. I wonder if we could get away with it....

Smudge:

How about build a moonbase, would-that-not-rock?

Smudge:

Or we could end poverty in the US. i think $700 billion could end poverty, don't you?

Porkenstein AKA Pork, Porky, Porkens:

Your question is flawed. You are assuming we actually HAD the $700B that we used on the bailout. It is not like they used it on the bailout instead of something else, they borrowed NEW money to do that. So to answer your question, nothing. They shouldn't have borred it in the first place.

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