blank checks

blank check to who?

Uh yes, it might also be a good time to consider whether handing over a 700 billion dollar blank check to Congress is a good idea.


Wall Street has its problems, but it would do well to remember that some of these were induced by government pushes for home ownership rate increases. The specific crazy motives and the idiocy of repackaging speculative loans (which come to think of it, is only stupid when it is done as dishonestly as it was) is Wall Street's problem. The policy shifts that made such moves possible is government's. I'd prefer to think that both should be punished in some manner rather than the many 'responsible' taxpayers who didn't decide to take out silly loans and aren't buried in credit debt who will be instead (or their children/grandchildren will be).