If this has been discussed so far, apologies.
My question is whether or not (in your opinion) we, the taxpayers, should have something like collateral or a down payment from the entities that will be bailed out with our money? I mean let's say the sum total of the bailout comes to $1 trillion. If we were to ask for money from them, they would probably expect between 10 and 20 percent of the loan as a down payment, right? So do you think we should get $10 billion or so of cash and assets from Fannie Mae, Freddie Mac, AIG, etc to be put into the economy? Or should this bailout be down payment/interest-free? In other words, is this completely free money or a loan?
Savage has been talking about this the last couple of days, and I can't decide if its a good idea or not. I mean the whole point of the bailout is that these companies don't have a few billion to spare, but they have other assets like stocks and land, right? The CEOs have yachts and personal aircraft, don't they?