Tuesday, September 30, 2008

Doing a little math.

Just doing a little math:


If you spent $1 million a day, it would take you 1917 YEARS to spend $700 billion!

If your house is worth $230,000, you could buy 2,800,000 of them with $700 billion.

Why would anyone, especially the Fed, give a blank check for this much money to exactly the same people who got us here in the first place?  They need to think this thing through and come up with a plan. Not so fast guys.  Develop a plan that makes sense and let the American people know what the plan is before you do anything.  The result of rushing this through could be far worse than what we might face without it.

1 comment:

mitchelln said...

So 2,800,000 mortgages are in default then?

As you demonstrate. The sub prime mortgage crisis was just sitting on top of more fundamental issues.

How did we end up in this mess?