<<< Me in 1970
- May 20, 2010
- Reaction score
- Gremlinville, USA
Lower bailout estimate assumes higher stock prices - Yahoo! FinanceWASHINGTON (AP) -- The Treasury Department indicated Friday it expects taxpayers will lose billions less from the financial bailouts than earlier estimated. The problem is, its revised forecast assumes Treasury's shares of bailed-out companies are gaining value despite this week's plunge in stock prices.
Wow, Taxpayers are only going to loose 105.4 Billion instead of 116.8 Billion from the Financial Bailouts.
This is based on BO's Administration using the premise that Stocks will rise "despite they have been falling all week"
What are we Bailing out next that will come back to haunt us?