basically it means in the long run that you'll still be on the hook for the banks giving out bad paper.
The markets would have corrected themselves in a few months.. but no they had to go out and wipe out the debt that banks and their stupid CEO's occured. Which means the banks will have to repay the government.. like that will ever happen.
For right now it frees up the credit market.. which means the banks will simply go back to doing what they were doing.
Dumb. Retarded. Just Plain Stupid.
|