[quote=TheBreeze]
Fannie and Freddie ~ $5 trillion
reflation injection into 9 biggest banks ~ $250 billion which after 10:1 leverage allowed by the Fed = $2.5 trillion
reflation injection into regional banks ~ $250 billion which after 10:1 leverage allowed by the Fed = $2.5 trillion
That gets us to $10 trillion right there and was done unilaterally by the Bush administration.
Then you have
-$30 billion Bear Stearns bailout
-$125 billion AIG bailout replete with 1/2 million dollar weekend boondoggle
-Rolling $850 billion No Banker Left Behind Act
You’re right. It looks like we are closer to an $11 trillion bailout for the super-rich. My bad.
Thank God none of that bailout money went to reduced price lunches for poor children. Could you imagine the uproar from you and other faux conservatives if any of the bailout money had went directly to poor folks? I shudder to think of the backlash.
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Let me get this straight, you claim yourself to be a Democrat, but you hate the bailouts that majority of the Democrats in congress support. You’re one confused cookie. You speak very loud against bailouts, but then you’re voting for the guys who voted for the bailouts. At least my action follow my words and will be voting for Barr.
