How will the bailout actually affect us? The rationale was to buy up all the bad housing loans that are sinking the balance sheets of major financial institutions. Kind of like if you had bought up a whole bunch of beachfront property to flip right before the housing downturn. Uh-oh, no way you can sell [...]
Entries Tagged as 'George Soros'
Understanding the Bailout: Real Work Just Beginning
October 6th, 2008 1 Comment
Tags: credit · George Soros
