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Thread: U.S. Taxpayers Risk $9.7 Trillion on Bailouts as Senate Votes

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    U.S. Taxpayers Risk $9.7 Trillion on Bailouts as Senate Votes

    U.S. Taxpayers Risk $9.7 Trillion on Bailouts as Senate Votes

    Bloomberg.com: News


    Feb. 9 (Bloomberg) -- The stimulus package the U.S. Congress is completing would raise the governmentís commitment to solving the financial crisis to $9.7 trillion, enough to pay off more than 90 percent of the nationís home mortgages.

    The Federal Reserve, Treasury Department and Federal Deposit Insurance Corporation have lent or spent almost $3 trillion over the past two years and pledged to provide up to $5.7 trillion more if needed. The total already tapped has decreased about 1 percent since November, mostly because foreign central banks are using fewer dollars in currency-exchange agreements called swaps. The Senate is to vote early this week on a stimulus package totaling at least $780 billion that President Barack Obama says is needed to avert a deeper recession. That measure would need to be reconciled with an $819 billion plan the House approved last month.


    Wow..... This is amazing.... Unfathomable.
    Let evil swiftly befall those who have wrongly condemned us

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    Re: U.S. Taxpayers Risk $9.7 Trillion on Bailouts as Senate Votes

    Obammy has no idea what he is doing. Anyone recall he has no or little experience in governing? Now he is in the middle of the greatest financial nightmare in our history and you know we are all doomed. It cannot be avoided.
    It's nothing more than X's and O's.

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    Re: U.S. Taxpayers Risk $9.7 Trillion on Bailouts as Senate Votes

    Astounding. Simply astounding.

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    Re: U.S. Taxpayers Risk $9.7 Trillion on Bailouts as Senate Votes

    Does this count the additional half trillion that Obama will request this week to shore up the banks?

    Funny how the Democrats keep telling us they're addressing the root problems here while their passing funding for STD prevention, green buildings, etc., yet, ironically, we have the admin coming back this week for another $500 billion for the banks.

    TARP, what?

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    Re: U.S. Taxpayers Risk $9.7 Trillion on Bailouts as Senate Votes

    All of these things need to fail.

    Yes, it will be a disaster, but it will (hopefully) cure people of the notion that they can do whatever they want w/o consequence.

    Meanwhile -- stock up.

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    Re: U.S. Taxpayers Risk $9.7 Trillion on Bailouts as Senate Votes

    I often wonder why more people haven't considered the perversity of what Obama and his pals are proposing here.

    While the rest of us who actually paid their mortgages, paid off their cars, and saved are coping as best we can, Obama and his idiots pals are proposing rewarding mortgagers and lenders who entered into nearly fraudulent mortgage deals by bailing them out, offering ransoms to those willing to buy a house now, bailing out firms that were in control of their own ruin, and are doing so by arguing that the rest of us, you know, who paid their bills, will be saved.

    This is perverse.

    Who the hell do these people think they are.

    Meanwhile, the Obama slappies here are ga-ga over this fool's proposals, drooling all over themselves to explain how the Messiah is going to save us.

    I see, saving meaning using my money to reward the poor decisions of massive corporations and a class of Americans who deserve to go bankrupt.

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    Will Mods please remove this as thread is already posted.
    No doubt I will receive yet another infraction, add it to the many I already have.
    Last edited by jujuman13; 02-09-09 at 04:59 PM.

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    Re: U.S. Taxpayers Risk $9.7 Trillion on Bailouts as Senate Votes

    Except it is no longer the Stimulus Bill.
    It is now the Reconstruction and Recovery Bill.
    Go figure.

    IMHO I think it should be called the US Bankruptcy Bill.

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    Re: U.S. Taxpayers Risk $9.7 Trillion on Bailouts as Senate Votes

    Our elected officials are a bunch of loons.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: U.S. Taxpayers Risk $9.7 Trillion on Bailouts as Senate Votes

    Quote Originally Posted by American View Post
    Our elected officials are a bunch of loons.
    LOONS ? You did mean MONEY WHORES didn`t you .

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