I am in my mid 20’s and we’ll be paying for these “bailouts” for the rest of my life...
The short sellers are going to kill them, and rightfully so.
L
Millions of people losing their jobs already are. All because of the greed and stupidity of these financials over leveraging their balance sheets and giving loans to anyone with a pulse.
Treasury took on only 5 billion.
Well 5 billion is 5 billion.. but it isn’t 300 billion. People need to understand what comes out of their pocket versus what comes out of private companies pocket.
Actually, your great, great, great, great, great, great, great, great, great, great, great, great, great, great, great Grand Children's great, great, great, great, great, great, Grand Children will still be paying for it. That is, if Obama has not saved them by then. You know he will never die and will still be the our Dear Leader in the year 2525.
These bailouts can not possibly be paid for by the taxpayers. The amount of taxes required to pay for these trillions of dollars used to socialize and prop up these banks, insurance companies, automobile companies, cities, states, etc. will exceed the entire GNP for many years. The only answer is to inflate out of this catastrophe. Beware creditors, you are going to be skinned alive.