Wall Street bailout plan explained, universally reviled | WHAT REALLY HAPPENED


Wall Street bailout plan explained, universally reviled

In the last 24 hours, there has been an explosive outpouring of analysis of and revulsion for the Wall Street Bailout plan, from economics professors to financial traders to laypeople. And the verdict is in: Paulson's plan can only "succeed" if the taxpayer overpays for cr***y securities, and then sells them at a discount to Wall Street. Paulson alone gets to decide which Wall Street players win and lose; but it is a certainty that the taxpayer must lose, perhaps $1,000,000,000,000 (that's TRILLION).

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