Paulson’s Plan in Review - Why Is It Suspect?

October 1, 2008 by Greg Saunders  

Okay folks I know it is difficult to bite, chew and digest this plan all in one bite.  So, the only way to eat this huge elephant is to take it one bite at a time.  So here we go!  This bailout or rescue plan (depending what side of the tracks you are on) is designed to keep banks from failing by recapitalising them. I read somewhere where they used the analogy that It is like a massive financial organ donor program where the Treasury replaces the guts of the current system with new, unclogged guts.

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