THIS IS WHY WE ARE IN trouble!!!
and to answer the WAMU question, the answer is in my last post, it doesnt make sense becasue its not the people we woud be bailing out!!! its the VERY WEALTHY, THE TOP TIER. Maybe 2% more like 1%
in my scenario, Id get $600,000 to do what I want with!!!!
Really my plan was slightly flawed, it should only go to home owners, so if you live in an apartment sorry you dont get the 150K per. As this is just to bail out the banks. So my plan average home owning family gets 600K and they use that to pay off there mortage, again using extra cash each month to save, buy stuff again spurring the economy send kids to college, we solved the bank issue as all the bad notes (well at least home owners) there paid, now banks have more money than they have ever had begging first time home buyers to buy at ridicoulous low rates, so even non home owners get someting
My plan again only costs less than but no more than $500,000,000,000. and I guarantee it will be paid back faster than there clown bailout...........
so who gets screwed in my plan the Donald Trumps of the world.. I say F EMMMMMM!!!!!!!!!!!!!!