Federal Reserve and Treasury ask Congress for permission to buy $700 BILLION in bad loans to “avoid recession…”

Great idea, increase the American taxpayer’s already daunting burden with the purchase of $700 BILLION in bad debt….I gues that will somehow save some companies, but I don’t see how it can possibly help joe public keep his house form being foreclosed on or get a raise.  Scary.  Read Washington Post article about this here.

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