Reply #6: This plan is the back up plan.

[westerebus]

The first plan was for the FED to take the junk on to their balance sheet and it get off the books of the banks. When they looked at the depth of junk, the hole just kept getting deeper, the Paulson crew said in effect it can't be done. So they shoveled money at the co-conspirators and left it for the new guy to figure out what nationalization would cost. Not the cost to the country, the cost to the political party.

So this new plan is to shove money back down the hole. They intend to print money until the hole gets filled.

That sound you hear is your tax dollars being sucked into the void.

So you don't need a back up plan. This one should kill off middle America.