“If this is not done - forget your 401k, your credit card and ever getting a car loan - this is a real problem caused by those inside the beltway fiddling while the USA burned - Paulson is doing his best to save your bacon! “
I stand to lose thousands if this doesn’t go through. But if it does go through, the ‘crash’ will still eventually happen because we are how many trillion more in debt?
I could be wrong, I’ll concede that. Don’t bet your life on it. Why did Paulson wait ‘til the bacon was burning before attempted to turn down the stove? I don’t trust the very same people to fix this mess that sanctioned it.
“No generation has a right to contract debts greater than can be paid off during the course of its own existence.” - George Washington to James Madison 1789.
Washington lived in a cash society - which this one is not and has not been since the last depression!