$ 700 billion bailout plan will flop because people are still loosing job and foreclosure are going high every day. Credit crunch start from the people who don’t have job to pay their bill on time. if $ 700 billion distribute among the people of America, currency in circulation will go up and every one will have extra money to pay their bill.
Why the biggest bank like Wamu fail? Why WaMu CEO Alan Fishman is entitled to $11.6 million in cash severance and to keep his $7.5 million signing bonus?
