Fed bails out markets with taxpayer funds... PDF Print E-mail
Written by CombatRob   
Thursday, 13 March 2008

...so let me get this straight. Banks made some risky loans and are now being bailed out by the taxpayers they made the loans to...so they can make further loans. Where do the taxpayers benefit?

Comments (1)add feed
concerns me too : dw
Man this alarms me even though I can't really understand thew economy. Are we being sold out? Is our domestic global economy migrating and the taxpayers will soon have to fund and subsudize their own State run Federal economy? I am no businessman but think the taxes, red tape, trade deficits and special imterest social politics would frustrate the heck outta ambitious men of caliber. I would relocate unless I was in real estate or drug sales. (legal or not)

I think that inflation and lack of wage increases are why loans are easier to get and with a lifetime to repay. Also why cheap goods from abroad and the trade deficit are allowed to flourish. The working poor are the reason we are screwing everything up. They will revolt. Ooops! I'm working poor. OK yea I almost forgot! I am revolting.

L
March 16, 2008 :: 02:24PM
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