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Old 09-23-2008, 06:34 AM
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Wagner Wagner is offline
..make it happn' capn'
 
Join Date: Mar 2005
Location: Mt. Airy, MD
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Just an FYI if you think bailouts are "good". For the S&L bailout in the '80s the estimated cost by the Govt was "50B", the actual cost was nearly 2 times that. So, figure 2 TRILLION dollars...still think it was a good idea? What exactly is the down side, a worse economy versus debt forever and a dollar worth less than the paper it was printed on. The dollar has steadily decreased in value since the rumor of a 700B bailout happened. There is a reason the last two remaining investment banks have switched to true bank status, meaning they can take deposits, apparently someone just realized investment based on other peoples insight is risky.

What is the consumer debt in the US? Would tax payers want their money to pay of their debt before a investment firms? Remember, the Government has NO MONEY. They only have the money you have allowed them to take from you.

IMO, if this passes the United States is no longer a free-market Capitalist economy, so those 'capitalist rules' should go away. And with this socialist mentality, we should be next focusing on a USA Oil & Energy Company.
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