Originally Posted by Spinnaker
Paulson reverses the $700b bailout. Apparently too much 'Toxic' debt ( I must check back on what I said about the global debt). Looks like the US taxpayer could be financing new car sales.
Don't you mean he's focused the $700bn bail out into injecting recapitalising the banks as per the Sweedish model (which Grodon Cloon has tried taking credit for) ?
This is no supprise and was already predicted. It's probably a better solution anyway and certainly better deal for tax payers.