McCain doesn't want Mortgage Bailout

dstark
Tue, 25 Mar 2008 23:00:25 +0000

The government is loaning money to Goldman Sachs and Morgan Stanley and other firms for 2.5%. Then these firms leverage those loans 30 to 1 and loan money to us.

Why not get rid of the middleman and have the government just loan the money at 2.5 % directly to businesses and consumers?