So, I finished typing up my webliography and turned it in yesterday. I had 13 sources, but i added my first print source which is $700 billion bailout By Paul Muolo. I've spent the time to read the first 15 pages so far of it, and I've already found out a lot of connections between the Emergency Economic Stabilization Act and the banks (Frannie Mae and Freddie Mac) as well as what Credit Default Swaps are and how the United States is selling their debt for money and attempting to keep afloat.
This book has really helped me, but at the same time has angered me because of how self-interested the United States is. Really, if they weren't worried about making a profit even when we as an entire nation are in debt then maybe we'd be able to figure out a plan or bailout that would support and improve the economy.
It also has to do wtih politcs. There's politics in everything and it always seems to screw things up! I mean Paulson who was the Treasury Secretary during the Bush Administration. The reason he didn't worry much about the fact of getting and using $700 billions dollars of TAX money is because it was just before Obama was elected so Paulson was out of a job so he didn't care much. The only reason why they had such a hard time, the first time, passing this bill was because Republicans didn't want the money to go to the banks and such, but more the homeowners that were losing their hosues due to the inability to pay their mortgages.
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