I have to say that this honestly just feels like more political posturing than anything (in other words the deal will go through in the next few days), but there seems to be a bit more than a little opposition by the House Republicans: http://www.cnbc.com/id/26885273.
Call me a cynic.
Anyway, here's a link to a letter that I asked to be a signatory to: Economists letter to Congress.
The outrage is being felt by our Congressmen/women. Frankly I do think something will get done, and soon, but there should at least be some significant changes to the legislation from it's initial form.
I want to clarify my last couple of posts, but I don't have time or energy at the moment. Let me just say that I fear that the bailout plan will fail no matter what provisions are added, though it may seem to be a success (maybe even a great success) over some short time frame (6 months - several years). I'll try to address this and a few other things this weekend.
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