$700 billion bailout - Lifesaver or Band-Aid?
Monday, September 29th, 2008This week, the American public will witness another bill: The Emergency Economic Stabilization Act is up for vote in Congress to help American homeowners. A $700 billion bailout - here’s what I am hearing from media players that it will do:
- “Help homeowners save their homes by giving them the ability to refinance into another loan”
- “Save America from a financial crisis similar to the Great Depression”
- “Restore consumer confidence in the economy”
So it’s all great news, everyone’s happy - right?
I have a few questions.
