News for hackers. Stuff that matters.
Re:$700bn Bailout is shot down by House of Rep Vote (205-228... by asdf333 on Monday September 29, 2008 @11:29PM (#319230)
correct. its not a wealth transfer. its a wealth revaluation.

or since most ppl assumed they had that money and spent other money on that assumption, it could also be called 'wealth destruction'

There are no comments on this comment yet.