Hooray for the bailout!

I hate to be too reactionary after only reading one source on the subject but this really infuriates me. This is exactly why I did'nt support that damned 700 billion dollar bailout.

http://news.yahoo.com/s/ap/20081006/ap_on_go_co/meltdown_lehman

I don't know if anyone else has heard or read about that fact that there was a second bailout plan option called the "Stock Injection Plan" that apparently was the prefered option amongst most economists and people in the know. My basic knowledge of it is that instead of just giving the 700 billion away and hopeing it works like in the Paulson plan the government AND taxpayers would give the 700 billion but would also be given a small portion of ownership in the bank. Somehow with this plan if it would fail the taxpayer would be that last to loose money. No big surpise the banks lobbied heavily against the plan.

To my knowledge the stock injection plan is in the bill that was passed as an "option" but I'm not holding my breath. I'm still trying to find a decent link that could describe the plan.

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