Wednesday, September 24, 2008

Dodd Amends Paulson's Plan...Still Headed For a Bailout.

Dodd has proposed an alternative, or should I say amended Paulson plan.  I've only breezed through it.  It looks better but it's still a bailout.

That Hurts prudent investors.
Hurts existing homeowners by keeping them in a negative equity situation.
Hurts home owners waiting for a more affordable market to jump in.
Hurts investors, and institutions who avoided entering into this mess.

And most importantly, staves off a de-leveraging event, which must occur in order for our economy to start growing again.

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