Forum Post: 1 Trillion $$ Bank Bailout cost $3,300 per every woman, man & child in the U.S. (approx 312,000million people) That's $6,400 for every couple $12,800 for every family of 4...WTF?
Posted 13 years ago on Oct. 25, 2011, 11:41 p.m. EST by FedWallFedWellFedUP
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1 Trillion $$ Bank Bailout cost $3,300 per every woman, man & child in the U.S. (approx 312,000million people) That's $6,400 for every couple $12,800 for every family of 4...WTF? So the Treasury can be looted by The Federal Reserve?????So, we can mop up a Wall Street Scheme that was designed to make money every f'in step of the way....loan origination, mortgage repackaging for investors, mortgages instruments insured by AIG to ready for default prize, default insurance, derivatives bets against said packages...then THE PEOPLE BAILOUT. This is criminal
People don't understand basic economics and believe that government spending has nothing to do with the economy. I honestly think most people on here think there is an endless supply of money and I love to see the stupid answers some of these freaks come up with. I see why so many people are not working.
Then they "bail themselves out" with vacations and private jets. Our system sure is working for the people.