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Was this post supposed to generate a dialog, repeat that which has been said many times before or just let us know that you like cartoons with metaphors?
That's what interest is all about. In the real world, you pay interest on the advance if you get a hamburger today but don't have to pay for it until Tuesday. It's easy to get outraged about something if you don't know any facts about it. I wonder if the OP even knows that most of the bailout money has been repaid with interest.
That's what interest is all about. In the real world, you pay interest on the advance if you get a hamburger today but don't have to pay for it until Tuesday. It's easy to get outraged about something if you don't know any facts about it. I wonder if the OP even knows that most of the bailout money has been repaid with interest.
I wonder if you know it's all lies and double bookeeping...
I wonder if you know it's all lies and double bookeeping...
And exactly how do you know that "it's all lies and double bookeeping"? Such an assertion would require insider knowledge. The tabulations showing the current state of repayments show that some bailout recipients have paid back their bailouts in full and others have not, and the exact amount of interest is shown. If these figures are not believable, then do you have figures that we should believe in place of them? How easy it is to make those kinds of paranoid claims. If there is no credible data available about anything, then there is no informed discussion possible either.
The USG has committed $11 trillion to various bailiouts and incentives.
They haven't spent the entire $11 trillion and no, it has not been all paid back.
I know plenty of former homeowners who would have appreciated a bailout
If something doesn't work, you let it crash and start over again. What this country, and most of Europe has been doing, doesn't work. Trying to prop it up just invests ourselves deeper into a system that clearly doesn't work. Trying to prop up financial institutions that made bad decisions is ludicrous. Let them fail and let the ones that made the right decisions win. Why are we making the losers out to be winners?
Unfortunately, I think we are just delaying the inevitable, and prolonging the pain. We have tons of nations who would love to sell some debt... What happens when they run out of buyers?
My only concern is, will stocks rally if we see hyperinflation, like 1920's Germany style?
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Questions of credibility
