Date registered: Aug 2005
Location: Lawrence, KS (USA)
Mentioned: 0 Post(s)
Quoted: 2 Post(s)
Bailouts have always been a net PLUS for taxpayers!
Umm, no, it was bailout money. Straight into the system.
It's OK, it was necessary to stabilize things, it is just that we have to understand that we have to be prepared for "worse case" fiscally and right now, we are not. If we had to drop a few Trillion on AIG and F/F we would be screwed. We would have to either incur further foreign debt or print more money. There are no other options.
Good God bear! You make such outrageous and inaccurate statements!
I've heard at least five or six market gurus and historians this morning state, unequivocally, that in all past bailouts the US government and taxpayers have come out ahead! Financially, bailouts are a net plus for all of us--not this horrific disaster you claim will happen. Think about it: In a bailout, the government buys up huge quantities of assets at fire-sale prices, holds them until the markets settle down, and then sells them at, near or above par value for the most part. Thus resulting in huge profits for the US and for us--the taxpayers.
Don't believe everything you think
Last edited by Jayhawk; 09-19-2008 at 08:34 AM.