Friday, October 3, 2008

The Bailout

Question on the news: When Congress gives the banks $700B of tax money, what will be the benefits to the average American?

The average American, says the news guy, will find that it's easier to qualify for a loan than it would have been without the bailout. Unless Congress passed the bailout, banks would only want to lend to the safest borrowers. WITH the bailout, banks will be more relaxed about their requirements as to who can qualify for a loan. (Newsman smiles complacently.)

Somewhere, a small voice clears its throat, and asks a question:

"Um, excuse me, but...

...weren't those more-relaxed qualifying standards the main reason we're in this trouble in the FIRST place?"

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