Friday, September 19, 2008

Three-Quarters of a TRILLION Dollars

That is roughly what President Bush wants to spend to bail out the banks by purchasing their bad, and stupid, mortgage-based securities.

Sigh.  We suppose there's not much alternative.  But here's a thought:  can we get a refund on some of the money he spent on things we didn't need?  Like a war in Iraq?

2 comments:

Anonymous said...

maybe some of the ceos who have overseen running their firms into the ground could each ante up several million or billion from past bonuses to help offset the price of the bailout.

Father said...

Amen to that. To my surprise and delight, there actually does seem to be discussion in Congress of imposing CEo salary caps on firms whose junk securities the taxpayers wind up purchasing.