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The justification for this is that banks won't participate in the bailout unless you give them big incentive to do so. To which we say: Tough beans. Make the program expensive, as it should be. Give the banks a specified period of time to accept the help or forever forego it. Then work with the banks that jump at the offer.
Originally posted by pluckynoonez
Originally posted by SeekingAlpha
These banks are going to get bailed out. There is no question to that.
Originally posted by DisabledVet
The scam is beautiful.
We have an entity (The Fed which is no more "federal" than Federal Express) that can create money out of thin air and loan that out to generate interest debt all the while garnering tax revenue from the citizenry whom have to foot the bill....that was paid for by freshly printed paper, that was loaned to the government whom bailed out those institutions that charged the citizenry for the cost of the government to borrow that printed paper money.