"Bail Out"...or..."Buy In"...?

[bvar22]

I'm not an economist, and I haven't stayed at a Holiday Inn Express in......forever.
I have been trying to understand the current economic "crisis", but there is so much bullshit flying that nothing seems to make sense. My first instinct is to NOT do anything that Bush wants. This whole thing reeks of another Republican Smash & Grab......and the Democrats are supporting it?

The Media has been ZERO help.
Listening to the MSM gives the impression that the Democrats are supporting Bush's "Bailout" plan, and the Republicans are opposing it! Just doesn't make sense.

After listening to Dodd this morning, and reading some of the explanations on DU, I've come to the conclusion that the Democrats are NOT supporting a "Bail Out" as proposed by Bush & Paulson where $700 Billion dollars are given to Paulson with NO oversight.

The Democrats have proposed an incremental "Buy In" plan that would give American Taxpayers oversight and equity for their money, plus the possibility of a return on their investment.

Please correct me if I'm wrong in my admittedly simplistic understanding.

Perhaps the Democrats need to take charge of the debate by calling their plan a "Buy In" instead of a "Bailout".

Its ALL in the framing.

[SOS]

1. Buy-in is what happened in Sweden in the early 90s

It worked.
We need an equity stake along with mortgages allowed to be renegotiated in Chapter 13.

With these points, along with the Democratic modifications already in place, we might be OK.

[redqueen]

2. Nancy Pelosi said this morning that an equity stake had to be part of any deal.

:bounce:

[SOS]

4. Very good

Equity stake in place.
Now let's allow mortgages into Chapter 13 and we'll be in much better shape.
Just wrote to my Senators (Schumer and Clinton) asking for Chapter 13 mortgage relief.

[redqueen]

3. That's an excellent idea...

:thumbsup:

[bvar22]

5. Just sent your thread to "The Greatest".

Yesterday, I was totally opposed to giving ANY money to Wall St.

After looking at the Democratic Plan, I am willing to consider.
Kucinich had the best list of concessions from the Banking Industry.

We need to change the frame.

The Democratic Plan is NOT a Bailout"....
It is a "Buy In".