BUt you are not "explaining" and are just repeating the political line and Wall Street line for why it was done.
I am not trying to do a gotcha and i truly want to know if you can explain, or you just accept, without understanding, what they told you.
If you do understand please explain.
I have listed a bunch of VERY positive externalities that would come directly from instead providing that tax payer money directly to regional banks, top amongst them is reducing the price valuation downward spiral, that leads to more foreclosures, which then leads to more price devaluations, which leads to more foreclosures and so on.
So yes they want to "keep the financial system from collapsing", which i give my arguments as to why increasing Regional bank liquidity and supporting home owner valuations and equity would do. You just say the words with no explanation, with no explanation. Please explain how INSTEAD giving it Wall Street banks for THEIR OWN liquidity and massive executive bonuses, achieves that in a better way????
And explain what this "Without stabilizing the large institutions credit wouldn’t have reached anyone including regional banks, small business owners or homeowners." as i cannot figure it out. If instead of the gov't handing Wall Street all that money they instead gave it directly to regional banks, are you saying that does not matter and the regional banks still do not get it?
