It’s your money. So what’s in it for you?
Not much, says economist Martin Weiss with the Weiss Research Group out of Jupiter. The economist has advised Congress on the shortcomings of this plan, and he says all Washington has done is plug a hole in the Titanic.
“All the king’s men and all the king’s horsemen can’t put this back together again,” Weiss says.
Weiss says the bailout falls short on fixing the economy, because it doesn’t address the credit crunch. That’s the real snowball here, the one that for instance will affect you if your credit card company suddenly lowers your credit limit.
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