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Technology Stocks : Applied Materials No-Politics Thread (AMAT)
AMAT 256.89-1.2%Dec 31 3:59 PM EST
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To: allatwwk who wrote (23538)9/24/2008 7:07:51 PM
From: Cary Salsberg  Read Replies (1) of 25522
 
I would like the $760 billion to be used in bankruptcy courts. When all these financial institutions declare bankruptcy, there will be plenty of need for the $760 billion to make good the FDIC insured deposits. Also, there will be a need to restructure mortgages to keep people in their homes.

Also, I would not pass any bailout legislation until after the election. This will give all parties time to craft legislation that might have a chance to succeed and will remove the motivation to try to put lipstick on the pig before the election.
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