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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?


To: Kevin Rose who wrote (139418)9/30/2008 3:03:07 AM
From: geode00  Read Replies (1) | Respond to of 173976
 
As I understand the bill, its entire purpose from Paulson and Bernanke's POV was to prove to the global market of bankers and traders that the US Government was willing and able to back up their really bad 'investments.' They could lend and borrow and things would somehow be ok.

If this crisis of confidence is really the problem then it seems like Paulson and Bernanke did a very poor job.