What I wonder is why didn't they do this in the first place? Sounds like the $700 billion was just thrown into a bottomless pit never to be seen again. Whereas nationalizing the banks gives the taxpayer a share of the action until things settle and the "loan" is returned.
All Comments
What I wonder is why didn't they do this in the first place? Sounds like the $700 billion was just thrown into a bottomless pit never to be seen again. Whereas nationalizing the banks gives the taxpayer a share of the action until things settle and the "loan" is returned.