1) How big is the $700 billion proposed financial bailout? It is just about as big as the sum the U.S. spends every year on imported oil. The difference is that the bailout money at least will be spent mostly in the U.S. The money we send overseas to buy oil just goes to undermine the U.S. economy and help precipitate the need for bailouts.
2) A solution that many individuals and businesses have found to ease their anxiety is to buy Treasury notes and other government-backed securities. They don't make any interest worth noticing, but they are really secure. Since millions of people are coming to this conclusion at once, the money that is hemoraging out of banks and Wall Street seems be going largely into the Federal government.
Isn't that cool? This way the Feds will have more money to back the bailout of the banks and Wall Street.
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