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To: Syncro
Let's see: the taxpayers borrow money to bail out the banks,
And the banks buy the bonds from the taxpayers to finance the debt.

Yep, we're going deeper into hock to bail out our creditors.
Makes perfect sense to me... Yep, sho nuff.

39 posted on 02/10/2009 11:29:12 AM PST by Carry_Okie (Grovelnator Schwarzenkaiser, fashionable fascsim one ruse at a time.)
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To: Carry_Okie

and we print up more debt (”money”) and then hold auctions of our debt where we buy our own debt with that “money” (printed debt)

got that?


48 posted on 02/10/2009 11:33:27 AM PST by silverleaf ("Men are not angered by mere misfortune but by misfortune conceived as injury" - Screwtape)
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