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ralok_j · 11-13-2008, 01:51 AM

The way I'm interpreting his actions is that there are too many loans to purchase and the cost would far exceed $1 trillion, probably closer to $10-$12. The next best thing is to provide liquidity in the consumer segment (auto loans, cc, student loans) in an attempt to get people to spend. Of course, consumer spending is a huge reason of why we are in this position.

I stated in another thread that Congress needs to enact tax legislation that will encourage economic development and job creation or we are boned.

11-13-2008, 01:51 AM	#4
ralok_j Avalon Senior Member Join Date: Sep 2008 Posts: 124	Re: Paulson finally showing true colors The way I'm interpreting his actions is that there are too many loans to purchase and the cost would far exceed $1 trillion, probably closer to $10-$12. The next best thing is to provide liquidity in the consumer segment (auto loans, cc, student loans) in an attempt to get people to spend. Of course, consumer spending is a huge reason of why we are in this position. I stated in another thread that Congress needs to enact tax legislation that will encourage economic development and job creation or we are boned.