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The highest figures I have seen is 1 trillion or less... they want to buy all bad securities and they think it is 1 trillion or less??? That's if they buy at an 80% discount at the very least... that means the companies will have to sell at 20 cents to the dollar for these bad securities... last time I checked, the government likes to give taxpayers money and have irresponsible spending... does anyone really believe that the government will buy them at 20 cents to the dollar (assuming 5 trillion in bad securities - and it may be bigger)? I think it is far, far underreported for this bailout.... and I don't even think 20 cents to the dollar for these bad securities is a fair price... maybe 10 cents to the dollar which will probably also bankrupt these companies...
Whatever the price and final figure (who really knows), the government is not buying anything. You and I are buying it and Uncle Sam has become our broker by decree.
The highest figures I have seen is 1 trillion or less... they want to buy all bad securities and they think it is 1 trillion or less??? That's if they buy at an 80% discount at the very least... that means the companies will have to sell at 20 cents to the dollar for these bad securities... last time I checked, the government likes to give taxpayers money and have irresponsible spending... does anyone really believe that the government will buy them at 20 cents to the dollar (assuming 5 trillion in bad securities - and it may be bigger)? I think it is far, far underreported for this bailout.... and I don't even think 20 cents to the dollar for these bad securities is a fair price... maybe 10 cents to the dollar which will probably also bankrupt these companies...
evil..I see different figures too depending on the article you read and I haven't found an article yet that puts it all together.
This is what I've gleaned:
New govt plan will cost $2-300 billion
Bad debt govt will take over is $2-3 trillion
Govt already injected almost $1 trillion via bailouts/loans
And then the banks have no more toxic debt so they can start all over again ?
Why is it that “this” conservative administration likes to throw money at everything? First that isn’t conservative, and do you think they’ll give us taxpayer another $600 stimulus check? Who’s paying for the bailout anyway ~ not George W. for sure! Stimulate this George.
Mismanaged government for 28 years minus 8 for Clinton leaves me to believe that the nothing but republicanswere in charge for 20 and failed. They caused the problem of today. Check out who Phil Gramm is and how he removed controls that protected us from this very happening. Don’t share this problem with the dems because of rep failures for 20 of the 28 years!
This is all about politics and I don't think it will turn out the way most think it will. Watch and learn. The Democrats are being handed an olive branch that is broken. When they grab hold of it, it will destroy their presidental candidate.
I am not anti-democrat. I just cannot go along with the lack of morals the party has adopted. If they want to change our country, they need to change their policies. Until they do that, we will all suffer.
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