Fed Audit: $16 Trillion in Bailouts.

Discussion in 'Politics' started by G.T., Nov 21, 2011.

  1. G.T.
    Offline

    G.T. Diamond Member

    Joined:
    Jun 29, 2009
    Messages:
    47,580
    Thanks Received:
    7,577
    Trophy Points:
    1,830
    Location:
    out
    Ratings:
    +27,517
    $16 Trillion.

    Yes, those hard working top 1% definitely earned their way to those Dollars.

    I'm being facetious, I don't believe that most of the Top 1% are corrupt.

    But j-e-s-u-s christ.

    lol @ most of the Fed Reserve employees signed "Conflict of Interest Waivers"

    Are you fucking kidding me?





    Bankers own the United States, period.

    Not the hard working, self made Millionnaires and small Business owners.

    No,

    The people who received $16 TRILLION.
     
    • Thank You! Thank You! x 2
  2. Mad Scientist
    Offline

    Mad Scientist Deplorable Gold Supporting Member Supporting Member

    Joined:
    Sep 15, 2008
    Messages:
    23,940
    Thanks Received:
    5,212
    Trophy Points:
    270
    Ratings:
    +7,683
    We were told it was a 700 Billion dollar bailout but as we've seen, it's closer to 16 Trillion. And guess who pays that back? Taxpayers.

    But as Trajan has kindly pointed out, the Fed gave the Treasury 78 Billion last year! Fantastic At that rate the 16 Trillion should be paid of in about, oh 200 years or so. :cuckoo:

    Why can't I get a 16 trillion dollar load with 200 years to pay it off? :confused:
     
  3. eflatminor
    Offline

    eflatminor Classical Liberal

    Joined:
    May 24, 2011
    Messages:
    9,261
    Thanks Received:
    1,401
    Trophy Points:
    245
    Ratings:
    +2,073
    Centralized price controls never work in the long run. That is certainly the case with the federal government's attempts to control the price of money, and we all pay for it in false inflation and an increased debt burden following bailouts. So, you can vote for more government meddling or less, it's your choice. I say end the central planners meddling in our markets. End the Fed.
     
    • Thank You! Thank You! x 1
  4. G.T.
    Offline

    G.T. Diamond Member

    Joined:
    Jun 29, 2009
    Messages:
    47,580
    Thanks Received:
    7,577
    Trophy Points:
    1,830
    Location:
    out
    Ratings:
    +27,517
    But I thought the people complaining about this HAND OUT to the Elite Upper Class, were lazy, non working class warfare wagers?

    No, we should all have a hugew problem because this is, in PRACTICE (not in rhetoric), Class Warfare. And it's not The Middle and Lower Classes "waging it" by standing up and saying something.
     
  5. G.T.
    Offline

    G.T. Diamond Member

    Joined:
    Jun 29, 2009
    Messages:
    47,580
    Thanks Received:
    7,577
    Trophy Points:
    1,830
    Location:
    out
    Ratings:
    +27,517
    The only guy in the GOP running on that is Black-Balled by everyone else. Wonder why that might be?
     
  6. G.T.
    Offline

    G.T. Diamond Member

    Joined:
    Jun 29, 2009
    Messages:
    47,580
    Thanks Received:
    7,577
    Trophy Points:
    1,830
    Location:
    out
    Ratings:
    +27,517
    $16, 000, 000, 000, 000.00

    usd.
     
  7. eflatminor
    Offline

    eflatminor Classical Liberal

    Joined:
    May 24, 2011
    Messages:
    9,261
    Thanks Received:
    1,401
    Trophy Points:
    245
    Ratings:
    +2,073
    Because for the Progressives and big government Conservatives alike, the Fed is a cash dispenser, a means to pay for social programs, meddling in markets, and overseas interventions without actually having to pay for those programs...not in their lifetime anyway. Imagine how many fewer wars and entitlement programs we'd have if politicians that supported those programs actually had to pay for them with tax dollars or specifically borrowed dollars.
     
  8. G.T.
    Offline

    G.T. Diamond Member

    Joined:
    Jun 29, 2009
    Messages:
    47,580
    Thanks Received:
    7,577
    Trophy Points:
    1,830
    Location:
    out
    Ratings:
    +27,517
    It's a sick world we live in.
     
  9. Sundial
    Offline

    Sundial Class Warrior

    Joined:
    Aug 1, 2011
    Messages:
    1,231
    Thanks Received:
    106
    Trophy Points:
    48
    Ratings:
    +106
    You're misunderstanding what's going on here. The $16 trillion number comes from multiplying the amount times the number of days it was borrowed.

    So, for example, if Citi borrowed $10 billion for one day, and then paid it back, and did that for 30 days, that's $300 billion.
     
  10. Toro
    Offline

    Toro Diamond Member

    Joined:
    Sep 29, 2005
    Messages:
    50,768
    Thanks Received:
    11,056
    Trophy Points:
    2,030
    Location:
    The Big Bend via Riderville
    Ratings:
    +25,103
    Where did you get that number from?
     

Share This Page