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Published: April 8, 2009
During World War I, Americans were exhorted to buy Liberty Bonds to help their soldiers on the front.
Now, it seems, they will be asked to come to the aid of their banks — with the added inducement of possibly making some money for themselves.
Originally posted by thisguyrighthere
The government saying "taxpayers bought" and "taxpayers return" is like a pimp telling a ho she's working for her money then taking all of her money and saying "whatever you need baby I'll buy for you just ask." Sure the ho gets beaten up and raped and served drugs to keep her in line but that's her money and she can have anything she needs.
Many Americans say they believe the bailout programs — and the potentially rich profits they could yield — will benefit only a golden few, including some of the institutions that helped push the economy to the brink.
Originally posted by endisnighe
This is pretty good, we should start calling, emailing our representatives on where we pick up our stock options.
# The equity research division of financial firm Keefe, Bruyette & Wood estimates that the U.S. has spent $3.2 trillion and allocated $10.8 trillion. This includes bailouts financed by the Treasury, the Fed, the FDIC, and HUD.
# Bloomberg says the U.S. has spent $4.17 trillion and allocated $12.8 trillion. Kiel says that "Bloomberg’s total is higher because it includes things like tax breaks for banks and both stimulus packages (President Bush’s 2008 tax rebates and Obama's 2009 bill)."
# The Congressional Oversight Panel chaired by Harvard's Elizabeth Warren tallied things slightly differently and says the U.S. has spent $4.4 trillion so far.