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

To: Kevin Rose who wrote (139500)	9/30/2008 2:07:25 PM
From: JBTFD	Read Replies (1) \| Respond to of 173976

It would be in addition to the other parts of the bill. The thing that is bad about this bill is that there is a lot more than $700 billion of bad loans out there, so this bill puts us in the position of throwing good money after bad. Personally I think it would be better to beef up the FDIC and let the banks fail. Propping up a fantasy doesn't serve anyone's interest except the fat cats on Wall street, and it sets us up for more larger problems in the very near future. What is the US government going to do with the entities that are exposed to the $40trillion in derivatives exposure? There are not enough trees to print the money to bail all of these high stakes gamblers out. I say let the shit hit the fan. Put the dollar back on a gold or silver standard and realize that we are not any better than any of the other countless countries who have failed at instituting a fiat money policy. The alternative is runaway inflation. (which is already starting to kick in somewhat and will only get worse)