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Torris187:
To simplify the bailout bill:1. Wall street, Goverment, American households are all broke.
2. The government is going to tax American households (through printing of money and inflation) to get money for this bailout.
3. The government is then going to lend this money to Wall Street at a negative interest rate and lose money on it.
4. Wall Street is then going to lend it back to us through bank loans at a high interest rate.
5. American households will be discouraged to work due to high inflation and declare bankruptcy.
6. A high number of bankruptcies will cause Wall street to go into bankruptcy.
7. Wash rinse repeat till we have a serious depression or the value of the dollar is equal to 0.
