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In their infinite wisdom, Congress decided to wipe out $1.2 trillion in market capitalization by not passing the plan, thus costing the economy $500 billion mor
by ctkrohn 18y ago
In their infinite wisdom, Congress decided to wipe out $1.2 trillion in market capitalization by not passing the plan, thus costing the economy $500 billion more than the bailout would have -- assuming the bailout would have no effect at all. Brilliant.
- jhancock 18y agouh...wrong. You cannot know if investor confidence will be stronger or weaker with this bailout. Time will tell and we only get to play it one way. There are no "do overs" here.