Comments on: Yet another bailout

By: Chick

Chick — Tue, 25 Nov 2008 01:19:10 +0000

Mmm … let’s see. Approximately 138M taxpayers (Wikipedia number) and 7.4T in taxpayer-sponsored relief.

That’s………..7,400,000,000,000
divided by…………….138,000,000

If my math is correct, that’s approximately $53,623 per taxpayer. And that is assuming that every tax payer is paying his/her share equally … and that the bailouts are over.

Compare this one-time taxpayer-sponsored payout to the average yearly salary of the average US worker.

That’s simply frightening.

This ain’t over by a long-shot. Hunker down, folks. And stock up.

By: Bob Leibowitz

Bob Leibowitz — Mon, 24 Nov 2008 23:18:44 +0000

Unfortunately, it gets worse. Citigroup tried to slide this under the table a month ago, in its aborted takeover of Wachovia. The federal guarantee involved in that transaction, which you'll recall was not required with Wells, Fargo as the purchaser, was actually intended to support Citi's toxic loans. More here Needed: A Few Good Hangings

By: Steve Skubinna

Steve Skubinna — Mon, 24 Nov 2008 19:41:00 +0000

You just wait in line, Missy! There’s plenty of more deserving folks like the New York Times. So you sit tight, and reflect, and know that eventually you too shall be deserving of the government’s love.

By: Lorica

Lorica — Mon, 24 Nov 2008 17:54:59 +0000

I agree Dear. Why not just call a Debt Holiday?? Every debt everyone has is now cancelled. Seems like a good plan to me. – Lorica