Even as Congress seems to be moving toward a final version of the bailout plan, it's clear that the American public is not buying it. This is how the New York Times puts it: "Americans' anger is in full bloom, jumping off the screen in capital letters and exclamation points, in the email inboxes of elected representatives in the nation's capital." Sen. Barbara Boxer has received nearly 17,000 emails about the plan--almost all opposed. So in selling this to the public, supporters will have to pay attention to marketing what's in it for the taxpayer. All of that remains to be seen. The details are still being hammered out, but the plan will go down easier if there is an equity stake for the government in banks, some relief for mortgage holders and some controls on how all the money will be spent.
For more:
- here's a New York Times article [1]
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