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Strategist saysIt was the most expensive bailout ever.
OK, please detail the costs then.
Strat--
That isn't detailing the bailout costs, it's the costs of the recession.
The bailout costs are part of the recession costs. I don't know if firm figures even exist.
Very, very few of the bailed out companies are located anywhere near the Bay Area.
NuttBoxer saysI disagree. They learned they can be as reckless as they want with other people's money, then when it blows up in their faces, they can make us pay for it!
I know we've been over this time and again, and I'm the first in line to prosecute Wall St., but to be fair, the bailout to which you refer cost the US taxpayers basically nothing. It was all loans that have been paid back with interest.
Trump is now in the process of removing all the new legislation that wasn't good enough to begin with, however, so I'm sure Wall St. is laughing at the US investor again.
Every country has the government it deserves.
Really? Who is going to pay the additional 10 Trillion that was added to the national debt because of it?
The meltdown cost the taxpayers
How is being a taxpayer relevant to the crash? Everyone made the obvious connection with your statement because the bailout cost trillions in taxes.
JJJ, this is why you got banned from my thread, and need to be banned more often. You stick your foot in your mouth making ridiculous claims, then completely derail the thread attempting to cover up your faux-pas.
Here's the first $ 4.5 Trillion, who is paying that back? You? Or your kids?
joeyjojojunior saysI'm waiting for you to link or post ANYTHING that backs up your statement about $10T. Can you?
Here's the first $ 4.5 Trillion, who is paying that back? You? Or your kids?
he posted a chart of assets, not debt.
Maybe the debt will be paid off by illegal immigrants, technology, a zero percent tax rate, or magic fairy dust, but the reality is that the US debt is increasing constantly, no one cares, and spending more money to reduce the debt will only lead to disaster.
Debt didn't work out too well for Rome, Germany, Japan, Greece, or Zimbabwe.
Those who fail to learn from history are doomed to repeat it.
An asset held by one entity is a debt owed by someone else.
Wrong again, if you have a loan on it, it's a asset on the books at the bank and a liability (debt) to you. Why am I not surprised you don't understand that. It only becomes a asset to you if it's paid for free and clear.
Reading comprehension issues again? What did I post?
Why don't you understand that? Do you know what a Balance Sheet is?
joeyjojojunior saysThe meltdown cost the taxpayers
How is being a taxpayer relevant to the crash? Everyone made the obvious connection with your statement because the bailout cost trillions in taxes.
Still waiting on your response to the above...
Just another day with the Troll.
All the numbers you want, right here:
NuttBoxer saysI disagree. They learned they can be as reckless as they want with other people's money, then when it blows up in their faces, they can make us pay for it!
I know we've been over this time and again, and I'm the first in line to prosecute Wall St., but to be fair, the bailout to which you refer cost the US taxpayers basically nothing. It was all loans that have been paid back with interest.
I'm saying the bailout was almost cost neutral. As shown by the GAO accounting.
Now--the meltdown/crash cost plenty to the US economy. But the bailout is not the same as the meltdown.
Since the government earns no money on it's own, it's all borrowed from the Federal Reserve, and the interest owed on that borrowing is paid back through taxes, which are levied on US Citizens, how the fuck does it cost us nothing!?
Since the government earns no money on it's own, it's all borrowed from the Federal Reserve, and the interest owed on that borrowing is paid back through taxes, which are levied on US Citizens, how the fuck does it cost us nothing!?
It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.
It is well enough that people of the nation do not understand our banking and monetary system
I say shave 75% off the top off every Real Estate parcel in America. Then raise the Fed interest rates to 6%, revisit the HW Bush(Now that we know what evil crooks they were and were the God Father to what we have now) S&L Loans regulation that killed personal saving accounts being paid.
I would rather see my bank account grow 20% YOY than my house. Less you expect your grand children to live in caves and fend for themselves
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#housing