Comments on: WHY THE FEDERAL BAILOUT PLAN? http://citizentom.com/2008/09/21/why-the-federal-bailout-plan/ Welcome to Conservative commentary from Gainesville, Virginia. That's OUTSIDE the Beltway. Thu, 09 Feb 2012 12:50:27 +0000 hourly 1 http://wordpress.com/ By: alwaysonwatch http://citizentom.com/2008/09/21/why-the-federal-bailout-plan/#comment-14247 Tue, 23 Sep 2008 11:59:15 +0000 http://citizentom.wordpress.com/?p=2083#comment-14247 Check out this article in the Washington Times. Excerpt:

In the dark of night over the weekend when most people were snoozing, the Treasury dramatically expanded its bailout plan to include buying student loans, car loans, credit card debt and any other “troubled” assets held by banks.

The changes, which were included in draft language that also opened the bailout program to foreign banks with extensive loan operations in the United States, potentially added tens of billions of dollars to the cost of the program.

[...]

“The costs of the bailout will be significantly higher than originally considered or acknowledged,” said Joshua Rosner, managing director of Graham Fisher & Co., who charged that the Treasury and Federal Reserve have not been “forthright” about the ultimate cost to the public….

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