Here's a thought.
This is not a "Wall Street bailout".The banking giants FannieMae, LehmanBros, Wachovia, MorganStanley, etc,etc,etc, have all either withered and died, or have been gobbled up by other banking giants for pennies on the dollar by now.This is no longer an effort to keep a large number of super rich investment banks and insurance companies like AIG afloat. It's too late for that now.What this is, at this point, is a plan to spread around 700 billion in capital to all the still functioning lenders, so that they will have money to hand out credit ie loans to everyone under the sun, and in doing so keeping the economy afloat.No credit means no car loans, no new mortgages, no new business ventures, no home improvements, and etc,etc.The economy is based on lending and loans. Without it, the economy dies.Question is, now that were not investing this 700 billion into direct, palpable companies like we did with BearStearns, where EXACTLY is this 700 billion going to?No financial analysts have answered this important question.This money is going to be pumped into literally thousands of different banks across the nation.
