Sunday, August 22, 2010

Why is Henry Paulson abandoning plan to purchase bad mortgages and instead feed 700B in his own bank?

The bailout is turning out to be trillions in all by the way, not billions.Why is Henry Paulson abandoning plan to purchase bad mortgages and instead feed 700B in his own bank?
he's the oversight.





in the bill it say ';..at the discretion of the treasury secretary..';





so it's either 1-blind faith, 2-the man is the only one who knows it all, or 3-implicit trust.





i don't like any of those options.

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