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Well, the whole mess is rather obscene. I wouldn't label it the poor bailing out the rich. Rather I would label it some of the rich ****ing up and the US Gov dragging everyone else (rich, poor, themselves) down with them.
The bailout started last year, with the Fed throwing the dollar under the bus to try to prop up the stock market which was being dragged down by the financial mess. That didn't work, and it essentially transferred trillions from $'s to the stock market. THis $700bn bailout is piddling by comparison, and just a drop in the bucket considering the $50+ trillion CDS cluster****. |
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#8 |
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Originally posted by DanS
The lower half will pay very little indeed toward this bailout. The $700bn is going to be added to the national debt which the rich own and make interest from. So yea, some rich will pay and fall down to the lower ranks, maybe directly from the tall buildings. But as always the poor will pay all the bills. |
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#10 |
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![]() that's a great cartoon... but ![]() ah well at least some politicians showed the backbone once, but not enough... bah... see you in three months for 700bn more... unless this bad debt mountain is smaller than it looks... which I highly doubt... as for poor Americans bailing the rich (all over the world) ![]() |
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#14 |
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Originally posted by Imran Siddiqui
Actually it seems like it'll cost no where near $700B since most banks aren't going to accept the deal, with the restrictions placed on them. ![]() The rich made it to 45% of all the income for the top 10% on this round. Now as a group they will fall down a few per cent. But they'll be back. Each round, the high earners get to a little higher percentage. This will keep up unless a revolt gets triggered. An awful lot of people are very mad at the Republicans right now. ![]() |
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