President Bush and members of his administration have been negotiating with congressional leaders to gain approval of a $700 billion dollar "bailout" plan designed to rescue leading financial institutions and prevent an economic tailspin that could lead to a severe recession.
Or at least that's what the newspaper says.
I'm a fairly intelligent woman, but when it comes to the wonderful world of finance, I find stocks and bonds and hedge funds and investment strategies to be very confusing.
(It's probably a good thing that I'm poor. I don't have any extra money, so I don't have to worry about how to invest it.)
Anyway, I don't really understand the details of the bailout plan. All I keep thinking is "wow, that's a freakin' lot of money." Seven. Hundred. Billion. Dollars. I can't even visualize that much money. But I can think of a lot of things that I would rather do with it than give it to a bunch of banks.
I would pay back all my debts. I would buy a cool new house for me and my kids, with a basketball court for Flash, a dance studio for Wonderwoman, and a massive playroom for Supermangirl. I would pay off the mortgages on my family's and friends' houses, so they would have extra cash every month. And I would give boatloads of money to tzedakah.
Money like that could make wishes come true:
WHAT WOULD YOU DO WITH $700 BILLION???
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2 days ago