The Mudcat Café TM
Thread #114840   Message #2457240
Posted By: Donuel
04-Oct-08 - 03:05 PM
Thread Name: BS: If the Bottom DOES fall out
Subject: RE: BS: If the Bottom DOES fall out
GOOD NEWS

maybe the kind of good that being in the eye of a hurricaine without wind but good none the less.

Someone, no one knows who! , stuck the best possible option for us all into the bail out bill that George Bush unwittingly signed.

It is the option for the Treasury Secretary to opt to implement stock share buy ins (like what Warren Buffet does)
instead of only buying traxh with tax payer money.

You see banks don't want the government moving into their house with the authority to throw out the freeloader crook. They just want cash via the free for all Paulson program.

The option clause was worded very wisely but and its a big BUT
Henry Paulson will have 60 days to dispose of as much of the 800 billion dollars as possible.

A new Treasury secretary will then be able to use the stock clause to truely let taxpayers invest instead of giving cash to the compulsive gamblers to supposeldy pay off their gambling debt.

So Good news if we use the inserted option and if Paulson doesn;t blow all the money in two months..

Finally someone overnight snuck in something good into a bill for a change.
My blessing goes out to the annonymous savior.