This ‘bailout’ is the most polarizing issue I have seen since Bush/Kerry. I have stayed away from writing about the topic because all my favorite bloggers have already done a great job. However, I have been replying to reader emails regarding and posted some current default information yesterday (Mortgage Defaults Already at $50bb a Month – $700bb Won’t go too Far.) This was done in order to give you a read on how big the problem is going forward and why I think this plan like all of the other plans, will ultimately waste money that is better spent elsewhere. FedUpUSA led by Karl Denninger is your best chance of making a difference.
The overwhelming majority of blog readers are against the bailout. If you want to get active, here is your chance. In fact, I think
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