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" NEW YORK - Financial markets endured another difficult start Monday ahead of a planned House vote on an unpopular $700 billion plan to rescue troubled financial companies and as investors examined a deal for Wachovia Corp. The Dow Jones industrial average fell more than 300 points, while demand for safe-haven buying in government debt remained high ahead of the vote.
Wall Street is fearful the government's plan to buy up toxic debt wouldn't be sufficient to resuscitate nearly... "
Originally posted by JanusFIN
reply to post by eradown
Bankers will open many new company to realestate business. All the houses what are ousted from their legal owners, will be newly added to most richest bankers pockets. They will left houses empty so long as they wish, and they will sell them with huge profits after couple of years.
Do they pay back this bailout then with profits earned from taking out the houses with very low price and forcefully made bancrupts? No, I promise, they will not, and all the billions are just yours to pay. But yes, they will pay huge bonus to bankers and lawers they now hire to do that "messy" work in selling those houses...
If they do everything like they did in 90´s in Finland, you will be paying after 15 years for this bill, and yes, US government has asked our government to consult in this one: They start to do that in begin of summer by the finnish news reports.