When will we ever be protected from the Flying Monkeys?! Hurry, republi-cons, save us!
Of course, Paulson needs $700 billion because the total mortgage defaults possible would be $250 billion, and that would be only if these homes values drop to 0%. He's trying to cover the CDSs, and that is dead wrong. They took the risk, screw em. No need to punish the rest of us for their stupidity.
Posted by phidipides at September 24, 2008 01:26 PM