Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
So called "wall street", private equity firms etc. are a monetary "black hole", sucking up all capital / money, and keeping all other private and public sectors busted. "People" are being kept afloat, because the government is PRINTING currency, which also, eventually ends up on "wall street".
Quote:
Originally Posted by malamute
Apparently having a Democrat president, Democrat Senate, and Democrat Congress is quite beneficial to the super rich.
700 billion dollar bailout courtesy of the American tax payer is earned? Hmmm. What do I have to do to earn a bailout? Besides bribing, I mean lobbying congress and the White House? If these guys never received any tax payer money I could care less. I don't care if an actor or musician or athlete gets paid 70 million because that salary isn't from tax payers, it's from the fans who voluntarily pay their salaries. The moment they start receiving bailouts is the moment I'll criticize it.
psssst!! the thread is not about the bailouts, which were paid back by the way, it is about the bonuses that are being paid out that were earned. get a clue someday.
psssst!! the thread is not about the bailouts, which were paid back by the way, it is about the bonuses that are being paid out that were earned. get a clue someday.
So that 700 billion dollars didn't create any wealth? You could put it in a savings account and it would have made money. If anyone needs to get a clue tis you.
So that 700 billion dollars didn't create any wealth? You could put it in a savings account and it would have made money. If anyone needs to get a clue tis you.
Well surely since it is so self evident perhaps you can enlighten us?
Well surely since it is so self evident perhaps you can enlighten us?
I didn't think so..................
I just gave you an example. You could put 700 billion in an account that pays 1% and you'd make 7 billion in interest alone. If these guys were not able to make a profit from 700 billion, they are the most incompetent businessmen on the planet.
I just gave you an example. You could put 700 billion in an account that pays 1% and you'd make 7 billion in interest alone. If these guys were not able to make a profit from 700 billion, they are the most incompetent businessmen on the planet.
You do realize the cost was about $60 billion and will probably ultimately wind up making money right? You do realize the return is more like 10%, right? Come on you can admit it...
I think the government spending this way ws stupid since most of their spending was extortion. Forced money on banks that didn't need it in exchange for their stock. If they objected they would have been put out of business. Regulators are very powerful.
You do realize the cost was about $60 billion and will probably ultimately wind up making money right?
I think the government spending this way ws stupid since most of their spending was extortion. Forced money on banks that didn't need it in exchange for their stock. If they objected they would have been put out of business. Regulators are very powerful.
Wrong, the bank bailout was 700 billion, and that was just Bush's bailout, the first one. I wish the government would force me to take a bailout. I'm not greedy, I don't need 700 billion, 1 million would be enough to make me tap dance.
Wrong, the bank bailout was 700 billion, and that was just Bush's bailout, the first one. I wish the government would force me to take a bailout. I'm not greedy, I don't need 700 billion, 1 million would be enough to make me tap dance.
"The often-criticized $700 billion bailout, known as the Troubled Asset Relief Program, might end up costing taxpayers less than $50 billion, and could even reap a profit, the Wall Street Journal and New York Times report."
The ignorance is astounding.....
By the way, thanks George W. Bush!!!!!!!!!!!!!!!!!!!!
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
