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Very vague announcement. But they did say that the plan would include oversight, homeowner protection and something to address executive compensation.
Conspicuously absent?
HOW MUCH ARE THEY GOING TO PAY-- There was no mention of whether they'd pay the requested "hold-to-maturity" phantom values or current market values. There was also no mention of whether the government would get a stake in the companies we bail out.
This is like announcing that I've agreed to buy a house because the builder will throw in granite counter tops and fancy appliances AS LONG AS I PAY FULL ASKING PRICE-- WHICH IS AS YET UNNAMED.
One more step closer to Socialism, not a good day for our country in my opinion.
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