Friday, December 7, 2007

The Plan

I've read a lot of the news articles about the plan. Interestingly the rescue really is not going to help many people, most estimates are perhaps 350,000 out of 1.8 million. The battle now seems to be between those who argue about the stinginess of the plan versus those who believe the chips should just fall where they may. The more I read, it seems this plan may just make everyone angry and not really offer much of a solution to anyone. I'm not sure I know what a good plan would entail, but I have to admit that I like that it doesn't rescue investors and speculators. At least they made that distinction, and it was a good one.

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