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To: Dan3 who wrote (86758)9/26/2008 9:12:42 AM
From: Little Joe  Respond to of 116555
 
Of course that is the flaw in the ointment. It depends on people and the government getting ever deeper into debt.

Little joe



To: Dan3 who wrote (86758)9/26/2008 9:53:55 AM
From: Crimson Ghost  Read Replies (1) | Respond to of 116555
 
The credit markets are indeed frozen right now, but that does not mean the Bernanke-Paulson plan is the way to deal with this.



To: Dan3 who wrote (86758)9/26/2008 12:18:26 PM
From: jmiller099  Read Replies (1) | Respond to of 116555
 
People will not use it to pay debts back, but view it as an excellent opportunity to leverage and add more debt. It will fail through and through, with the minority doing what you are proposing. If it was forced debt payback; ie. cutting them out of the picture and direct debt payback then the majority of people would just quickly add back to that debt level over the coming months until they reach their debt ceiling.

To think that people are generally wise and good woefully ignore both sides of the equation that brought about this mess.