Chris Pietschmann

husband, father, hacker, entrepreneur, futurist, innovator, autodidact

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$700B Bail-Out Bill Passes, Maybe It's Not So Bad Afterall...

I generally don't post on political topics, but this is a big one... Today, as I'm sure it isn't news to you anymore, the House of Representatives passed the Economic Stabilization Act of 2008 (H.R.1424), which includes $700 Billion to bailout the troubled financial institutions, plus aproximately $110 Billion in tax cuts. Go read the bill or it's summary here: http://financialservices.house.gov/ When I started writing this post I had this long post explaining reasons of why this bill is so b... [More]