I think this is the only bailout of this type we will see. We may get some more banks or big buisness bailouts, 50 billion here or there, but I dont think we will see anymore blank check bailouts.
Why you ask? Because, this one is a revolving bailout. If I read it right, they can never excede 700B at any one time. So they overpay for some POS MBS and then accept too little back. We all agree that is the only way this thing works. So they sell the MBS and are now under the 700B limit, so they sell more debt and keep the crap processor working.
