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Shareholder Demands Answers

Dear Washington: I'm a taxpayer.  Under the "bailout" plan, I'm going to be the shareholder in a new company.  I have some questions that deserve answers: Why $700 billion?  Where did that number come from?  Why not $500 billion?  Why not $1 trillion?  What is special about $700 billion. I need data.  Where is every dollar of that $700 billion going to go?  Who is getting what, and when, and why? Why is this deal in my economic self-interest?  What proof do you have that refusing to bail out Wall Street will affect me?  What will giving money to the auto industry do for me? Please be concrete.  Please do not tell me that this is a "crisis."  That is too abstract for my simple brain...continue to full post

Full post as published by Crime & Federalism on September 26, 2008 (boomark / email).