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while i think most people can agree some form of help is needed, the current plan on the table takes a 700B blank check and puts it right in the hands of the people who caused this, with little or no oversight and transparency. once they have the money, whose to say the same things wont continue?
the plan doesnt need to be rushed, but it does need to be timely. its not like if it doesnt get passed this week, we're all going broke. they just need to come up with a better plan of action that #1, shuts down all the bs, and #2, provides transparency, like I don't know, creating an ETF with all the public assetts and allowing this to trade on the free markets, so theres good people attempting to do a good job, full transparency since it will be subject to all the same rules and disclosures, and also it may raise private capital thus lowering the burden on the taxpayers. thats a real solution, not just forking over cash.
think about the downside of this being the wrong course of action, or 700B evaporating in thin air due to mismanagement... that, too, is a real possibility, so i dont blame people for voting it down. i just think we dont need to rush some halfway thought out plan or at least consider all the potential options. how often does rushing things thru actually work well? never.
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