To: Lonesome in Massachussets
A pledge of one's credit is has tangible value.
But I was responding to a question whether the Chrysler bail-out had cost the taxpayeres any money.
The answer is: none at all.
posted on 06/12/2012 9:02:22 AM PDT
It would have marginally affected the price of U.S. Treasuries at auction — the “tangible cost” — and therefore did cost the taxpayers money.
Regardless of whether you guarantee a loan or make a loan, you are loaning money and paying interest on it. Same for the taxpayers.
posted on 06/12/2012 9:46:13 AM PDT
by Lonesome in Massachussets
(The Democratic Party strongly supports full civil rights for necro-Americans!)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson