Quote:
Originally Posted by GTripp0012
I think I'm missing something here. If the government buys up all bad assets and mortgages and gives the financial sector a lift with taxpayer money, do the taxpayers just end up paying off the bad loans over time and this all goes away? Or are there still going to be long term ramifications of the government holding bad assets?
And whats the deal with the Global Economy? Are other markets having the same sort of issues as we are?
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All this talk of tax payers getting their money back is hogwash. The debt ceiling has been increased
again to
11.3 trillion to pay for this bailout. Are we ever going to pay this shit off? Not unless we commit to paying more than the interest and I don't ever see that happening. Are these companies ever going to pay back the tax payer? I wouldn't hold my breath. They'll find a way to screw tax payers.