http://money.cnn.com/2008/09/23/news/economy/bailout_101/
Where things stand is no where
They don't want to buy up homes they institutions and have private people run them for the government
More big bonus bucks without a guarantee because more foreclosed homes by the day will be added to the numbers to make those assets have even worth less value
Alt-A's haven't even begun to start
This is already going down so why should the taxpayer have to bear the burden
Let it die! They didn't care about it before, it shouldn't make that much difference now. Hanks hierarchy clause is to much and in itself states that something bogus is going on behind closed doors.
He didn't need Fannie and Freddie either
Nothing is going to fix the derivative problem
So let it die!
