The bailout now costs more than anything else ever

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reply to post by warrenb


Not only is it bigger than anything ever, most of us will probably not see any direct (or indirect benefits).

Bail out the bankers= Bankers still not lending and holding on to the money to shore up ratings.

Bail out the insurers= Really another banker bailout to shore up banker rating with the addition of payed executive retreats in exclusive resorts.

Bail out the Big 3= More crappy cars and more bad business models for the future.

Bail out Fannie and Freddie= Bailing out Chinese and Japanese (central bankers) bondholders who put money in there in order to affect currency exchange and gain trading advantages.

The government should have just given a fat tax rebate check to every tax-payer.

4.6 trillion bailouts/138 million tax payers= around $33,000

I am sure every tax payer getting $33,000 will do far more to stimulate and save the economy than giving trillions to what is now PROVEN to be institutions that are horrible at handling money.

the banks should be heavily investigated and the purpurtadors should be given the death penalty. They could even have a raffle to decide who gets to administer the lethal injection or flip the switch. Talk about a pay per view blockbuster.

The gov't has pledged up to 8 trillion so far to the banking cartel for the bailout. Wall street and the corporations that run the media are all of a sudden acting like giving the big 3 25 billion dollars is Such a big deal, when wall street swallows hundreds of billions every month. but seriously the big 3 do need more of a business model so it is good to make sure they have one before giving them the 25 bill, but by all means give it to them.

The banks are acting like the giant boa constricter's mouth. They are opening up so wide (unthinkable portions) and willing to swallow the gov't whole. When the bailouts are over we will likely have either fallen into a deflationary spiral or be on the road to a worthless dollar, not sure they can do the tight rope act for long, especially when foreigners decide that it is no longer intelligent to buy U.S debt because the u.s consumer is dead in the water and can't scatch there backs (boost foreing exports). Foreign central banks are also using there dollar reserves more toward financing there country's stimulus packages now.

One more thing i would like to come across charlie gasparino (gas bag) in a dark alley one day soon. He is such a banker apologist it is a shame that Donny doitch has had him on late at nite. The callers wanna ring his neck and he is such a knack for skipping over the root of the problems (high leverage instead of "balance sheet transparency laws") and saying how important the banks are and in need of this money, without calling for a complete overhaul of the talent who got us into this mess, and who for all practical reasons should be expected to get us into another mess (or at least keep us in this one) if they are behind the wheel again. My take is he is scared for his job, and wants to kiss banker butt.