Bailout Bill Text
Sep 28, 2008
4 Comments
Congress came to an agreement on the bailout plan over the weekend. Treasury Secretary Paulson and the Bush administration were pushing hard for a government mortgage bailout, where the Treasury would buy billions of dollars of bad mortgage debt in order to provide more solvency and liquidity for our country’s financial institutions.
Here is the bailout bill text
Bailout Plan – Get more Legal Forms
While something needs to be done to prevent massive turmoil in our financial markets, this is the wrong solution. This is simply delaying a larger financial crisis. Historical, the economy has never become stronger as government encroaches more into the private sector.
I wrote about my thoughts here on the national financial crisis:
[...] their government refuse to entertain or compromise with in any way anything so un-American as the bailout bill. Free market economies prosper because they rely on intelligence. Government intervention and [...]
I stand behind regulation that would prevent another financial crisis. However, I am not very comfortable with the government encroaching into the private sector.
Ciekawy post, dodalem twoj blog do ulubionych, bede tu teraz wpadal czesciej, pozdrawiam
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