Getting the financial rescue plan through Congress may have been the easy part.

Getting it to work may prove the tougher task.

Now that Wall Street's got it's seven hundred billion dollar bailout the pressure's on the U.S. Treasury, which has 45 days to figure out how to spend it.

Until that money starts flowing, U.S. credit markets remain clogged, meaning loans are hard to come by.

California and Massachusetts both say they may need federal cash to pay their bills -- because the banks won't give them loans.

The plan is to get banks to compete against each other to sell off their bad loans to the government.

If the Treasury bargains the prices down too low...some banks could still go under.

If it pays too much, the taxpayer is left picking up the difference.


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  • by Not Funny on Oct 5, 2008 at 07:54 AM
    A easy explanation of the "So Called Bail Out Plan" is this. If you have Money the Government will take it and give it the Non-Deserving Wall Street Elite Who Knowing Made Bad Loans! Most of our Politicians Support this action with only a few that had the Gut's to Vote Against this Violation of the Citizens Rights to expect a Reasonable Government to Act in a reasonable manner!! Is this our idea of a Free Enterprise System???
  • by Herschell Location: Dothan on Oct 5, 2008 at 07:05 AM
    I can't believe these congress men were so set on getting this money for the stock market and don't even know how to use it. You would have thought they would make a list of who needed it before they asked for #700 billion dollars. I can't believe we have stupid people making our laws in Washington. Even our City makes a list of jobs to complete with the money they receive. Remember this the next time you vote.
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