re: #121 Walter L. Newton

Our bailout money in action…

Citi shares fall despite talks with Morgan Stanley

“The government has already loaned Citigroup $45 billion, and agreed to absorb the losses on a huge pool of mortgages and other assets.”

[Link: biz.yahoo.com…]

3 Wood, please, explain to me again why the bailouts are good?

If 3 Wood can explain why excessive government spending of money that they don’t have (essentially printing money) is good, I question his sanity.