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- Oct 10, 2009
- Reaction score
- In your head
Tooooo Stuuuupid! Taxpayers paid back the treasury!Bush/Obama admin spent over a $trillion bailing out the central banks, investment groups and $billionairesRecession indicator with perfect track record flashing red
What will be the fix this time?
Bush/Obama admin spent over a $trillion bailing out the central banks, investment groups and $billionaires that resulted in the widest earnings gap in American history and rocketed stock prices beyond absurd.
That was never going to fix the problem of an entire economic industry dependent on ever rising stock values despite reality.
Will the FEDS and Trump do the same as Obama/Bush bail out the super corporations/investment banks to maintain the gross over valuation?
What are you talking about?
If you meant the bank portion of TARP, the banks paid that back at a huge profit to the Treasury.
Taxpayers bought those worthless mortgages from the Banks at full face value plus interest through HUD! Then HUD sold them to people like me for 15% of what they paid the banks. I bought 6 of those houses from HUD for the price of 1.