ext_98857 ([identity profile] athanasius.livejournal.com) wrote in [personal profile] cos 2008-09-22 02:09 pm (UTC)

"We could get more bank for the buck"

Deliberate or a thinko?

One possible answer is that the administrative costs of giving a large number of people money to pay their mortgages (even if done by giving the money to the banks on their behalf) is likely going to be hugely greater than just bailing out the financial institutions. The latter is likely a lot quicker as well.

Post a comment in response:

If you don't have an account you can create one now.
HTML doesn't work in the subject.
More info about formatting