White House Bailout Plans 18-Month Long Occupation of Wall Street

(Washington D.C.) Ucs News- While opinions vary on the duration and cost of the Wall Street Bailout, most government and civilian officials believe a deal will be signed within days. But Americans who think our trouble will end when the bill is signed are in for a rude awakening, experts say. The Bush administration has projected a post bailout Wall Street war occupation of anywhere from one to three years, but analysts say it will be at least five years — and perhaps as many as 10 before all U.S. troops leave Wall Street , if a complete pullout happens at all.

“The White House and the Treasury Secretary Henry M. Paulson are trying to project two things: It will take as long as it takes and it won’t take long,” says Patrick Garrett, a financial analyst for GlobalSecurities.org, a financial policy think tank based in Alexandria, Va.

“(Occupation) is going to take at least five years, maybe more,” he says, and it’s possible there will always be U.S. troops on Wall Street. “It’s possible that a decade down the road U.S. troops could be completely gone from there, but I don’t see it happening any time soon.”

Gretchen Van Dyke, Ph.D., an associate professor of political science at the University of Scranton, agrees with Mr. Garrett. A specialist in international finance, Dr. Van Dyke says most colleagues she’s talked to are expecting a long, volatile occupation.

“I’ve seen predictions of 15 to 20 years,” she says. “When you’re talking about rebuilding a financial system , you’re not talking about something that’s done overnight. It’s not going to be easy. We are going to be looked at as an occupying force that did a great deal of damage both physically and psychologically to the Wall Street culture.”