
Journal Journal: The wall street bailout
I've been looking at all the wall street bailouts happening with a sense of profound disgust. I've read that we've already guaranteed upwards of a trillion dollars, and it looks like we're about take some more. http://biz.yahoo.com/ap/080918/wall_street.html?.v=44
When this mess started blowing up last year, if the government nationalized fannie and freddie, bought all the housing loans under 500k made since 2004, chopped 25% off the amount owed, then made the people pay back the rest at