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Learn about various plans to address America's financial crisis using the summary comparison on this page, and the details at Save America Plan, Common Sense Fix, and The Great Bailout. Improve the comparison and the details by editing them on the same pages. (Please email the site crew with links to other alternatives by clicking on the Author’s userid at the lower left of this page.)
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The Great Bailout |
Save America Plan |
Winners |
Foreign and U.S. investors in, and foreign and U.S. management and employees of, financial companies in and outside the U.S. |
Americans |
Losers |
Americans |
Foreign and U.S. investors in, and foreign and U.S. management and employees of, financial companies in and outside the U.S. |
Borrows from American taxpayers |
Yes, over $700 billion with high risk of not being paid back |
Yes, much less than $700 billion with near zero risk of not being paid back |
Deposit and investment account insurance |
Weakens them by weakening FDIC, NCUA, and SIPC |
Strengthens them by strengthening FDIC, NCUA, and SIPC |
Money market fund insurance |
Yes, temporary and limited funding |
Yes, permanent and unlimited funding |
Inflation |
Raises inflation a lot, costing Americans more to live |
Raises inflation a little |
Management of surviving financial companies |
As weak as they are today |
Much stronger than they are today |
Liquidity |
Uses a new unproven method to inject cash into the financial system to reestablish the flow of credit |
Uses existing proven methods to injects cash into the financial system to reestablish the flow of credit |
Toxic, high risk loans/debt |
Bought by the Treasury at over-market prices and held for a long time, gambling that buyers will eventually pay more than the inflated purchase price |
Briefly held by FDIC, NCUA, and SIPC before being resold to willing buyers at market prices |
Housing prices |
Fall to sustainable levels slowly, delaying the recovery |
Fall to sustainable levels quickly, speeding the recovery |
Concentration of power |
Treasury, which has strong ties to Wall Street |
FDIC, NCUA, SIPC, and the Federal Reserve, who have a long history of serving Main Street |
American education |
Weak focus on safety of deposit accounts and money market funds |
Strong focus on safety of deposit and investment accounts, safety of money market funds, and financial management of houses and investments |