A DEAL HAS BEEN REACHED!!!
Allow me to be the first one to state, “Big Deal”.
I love this line in the linked article: “Also, the government would receive stock warrants in return for the bailout relief, giving taxpayers a chance to share in financial companies’ future profits.”
Does anyone have any doubt that any and all future profits will be used for one thing … to grow government … especially with a Democratic White House and two Democratic houses of Congress?
Count me as being less than excited.
According to Larry Kudlow, the House GOP are requiring that “all profits from the Treasury rescue mission must be used to reduce the national debt — 100 percent”.
That is a refreshingly responsible tack by that group. Good for them. Fears (mostly) alleviated.