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I 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 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!
So you think the whole housing market meltdown didn't cost the taxpayers nothing?
YOU responded to Nuttboxer with one of YOUR ridiculous, party line, nonsense comments, so who's the REAL troll here?
That's the problem with Democtrats. Many of them believe that the bailout did not cost anything.
https://www.cnbc.com/2017/07/03/marc-faber-there-will-be-another-massive-financial-crisis-in-my-lifetime.html
That's the problem with Democtrats. Many of them believe that the bailout did not cost anything.
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.
Yes, it was paid back with printed dollars, and if you want to buy a home in the Bay Area, now costs more than it did prior to the bailout.
That's the problem with Democtrats. Many of them believe that the bailout did not cost anything.
the bailout to which you refer cost the US taxpayers basically nothing
So you think the whole housing market meltdown didn't cost the taxpayers nothing?
That's obviously not what I said.
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.
Strategist saysIt was the most expensive bailout ever.
OK, please detail the costs then.
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.
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