I just honestly don’t know how anybody can be okay w/this.[/quote]
Do a little research into “hedging” and you might be less concerned. Not all those $75T are bet in the same direction, nor on the same thing. If it even is $75T. The speaker cited no sources whatsoever.
“The TARP program originally authorized expenditures of $700 billion and was expected to cost the U.S. taxpayers as much as $300 billion. By March 3, 2011, the Congressional Budget Office (CBO) stated that total disbursements would be $432 billion and estimated the total cost would be $19 billion.”
$19 billion is flysh*t. It’s roughly $60 from each of us. Compare that to the cost of say the prescription drug benefit.
