You own us more money , already

Just one thought about the Henry Paulson 'TARP' plan.

That the plan has yet to be fleshed out, it assumes mortgages will fail...

Can't those consumers who believe themselves to be 'sub-prime', those fallen 3 months behind with payments, already threatened with foreclosure... just take this as a carte blanche not to pay?

Can't those who are able to pay just choose to default?

Given the choice I know I would rather default and pay tax, which raises questions about the whole scheme.. threat.. and general confusions ruling.

We need to move toward transparency. The rating agencies are to blame for this whole debacle.