Originally posted by Gromgor
That number is more than 2,300 times the number of people in the US. $700B is like them handing out to every single person a check for $2,303.96
Have to remember not everyone is a working adult or a taxpayer (illegal aliens- we have about 15 million of them). All this talk of economic tailspin is because a lot of the big money that runs this country stands to lose a lot. Fuck them. It should set off alarm bells when a couple of companies collapse that the entire country risks economic corrosion. These corporations are so freakin' huge they endanger our economy?

They handed out loans to people that had no business getting them. Now that the housing market has shit, a lot of people are defaulting on their loans. So now they have all these houses that are not worth as much. Beyond that, I don't know.