So when Hank Paulson got on his knees to beg for trillion dollar bailouts for banks that made massive losses speculating on how long it would take for home buyers to default, what Paulson was really begging for was more liquidity to prop up home prices.
Paulson wanted to prevent a property crash, so that speculators can keep on paying out the dole. That's right speculators pay out the dole, welfare and health services and create all of the jobs.
Glenn Stevens followed suit and put billions more into Australian home prices to prevent a drop off in dole payments. So finally we know how it all works.
