Problem with the Big Three Bailout

There was one huge problem with the Big Three Bailout from the start:  They didn’t ask for enough.

Look at the TARP, the 700+ billion dollar bailout of the fiancial system.  They had the balls to come to the table asking for almost a trillion dollars.

Everyone was so scared, “Jeez, they need $700 billion!  It must be serious!”  Paulson kept saying words like “abyss” and “crisis” and Bush eloquently said “this sucker could go down.”  They duped Congress and the Senate by asking for a number so astronomical, they couldn’t say no.

If the Big Three had come in and asked for $200 billion from the start and talked about falling into an abyss, I bet they would have had a bailout already!

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