posted on Feb, 20 2009 @ 01:53 PM
We just hear the big number of the bailout. But I have heard the deeper details, and some ARE encouraging.
And actually quite complicated to understand, which tells me they are looking at the issues. But basically, it is make it worthy for banks to start
lending again, and keep people in their homes. It was a much bigger concept then I can explain to you, but basically we are in a catch 22 where banks
won't loan if the home isn't worthy, but the homes are not worthy, so the gov't is making up the difference so the banks lend and get people into
the homes again.
Once people get into homes, then it has a snowball effect. They then can hire real estate agents, contractors. States can pay road cres and build new
roads and keep them employed, etc.
All we hear is, money going to the banks, what you hear far less of is how, and the plan is a little more inttricate then you think.The plan goes down
to the most basic small bank loan level.