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$700 Billion Bailout Attacks The Symptoms Not The Cause

October 3, 2008

Analysis of:The Trickle-Up Bailout | www.washingtonpost.com

$700 Billion spent buying worthless derivative securities is far more costly and less sure of success than simply fixing the mass of defaulted mortgages. The Elected representatives of The People of the US should manage the economy to achieve the greatest good for the greatest number. So far the proposals of the Executive and Legislative branch have focused only on the good of financial institutions and their leaders to the exclusion of the good of The People.

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