Sure that makes sense, but many experts will tell you that purchasing all the bad paper will not save the banks. We still get a depression AND we've spent 700

Sure that makes sense, but many experts will tell you that purchasing all the bad paper will not save the banks. We still get a depression AND we've spent 700 billion. The better alternative is to pick a few winners, re-capitalize them, and let everyone else fail. That's both cheaper and more likely to succeed.