Howdy Vorts,
The use of the word "bailout" is not descriptive of the intent of the
package of legislature that failed to win support in congress.
An analogy to the "plan" offered by Paulson is more like who get's a seat in
the lifeboat. Paulson suggests a 700 billion size lifeboat will handle all
the passengers
Somewhere lurking out there in the dark stormswept waters is 150 trillion
worth of passenger derivitive monolopy money. At the max there is only
about 5 triliion worldwide available in real passenger money space in the
lifeboat.
Throwing 700 billion at the problem is like spitting on a gasoline fire out
of control.
Our local volunteer fire dept has a great motto... " we save the slab".
Richard
