Saturday, Oct 03, 2009

Others argue we are just staving off an inevitable collapse. WHO ME?

Cnn: Taxpayers on the hook for $200 billion

Taxpayers stand to lose between $100 billion and $200 billion on TARP -- Treasury's $700 billion financial market bailout.
While that's nothing to sneeze at, many experts say that the Troubled Asset Relief Program helped rescue the economy from a second Great Depression.
But there are others who argue that the billions of dollars that taxpayers shelled out simply delayed an inevitable epic collapse of the financial sector.

Posted by mark @ 12:30 PM (800 views)
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7 Comments

1. devo said...

Great find Mark.

The article makes the false assumption that the first crisis has been resolved, but another crisis may or may not happen in the future.

The truth is that the original crisis continues.

Saturday, October 3, 2009 12:55PM Report Comment
 

2. crunchy said...

NEW YORK (CNNMoney.com) -- Taxpayers stand to lose between $100 billion and $200 billion on TARP -- Treasury's $700 billion financial market bailout.


I thought it was a tad more. Like 24 Trillion and still counting. Perhaps that's each person.

Saturday, October 3, 2009 05:06PM Report Comment
 

3. crunchy said...

http://www.politico.com/news/stories/0709/25164.html#

The devil is in the detail.

Saturday, October 3, 2009 05:10PM Report Comment
 

4. crunchy said...

I will repeat it for the slow. The American bailout now stands at 24 trillion and counting!

Saturday, October 3, 2009 05:14PM Report Comment
 

5. devo said...

"I will repeat it for the slow. The American bailout now stands at 24 trillion and counting!"

This is old news, crunchy.

Saturday, October 3, 2009 06:03PM Report Comment
 

6. crunchy said...

I like to keep it new and fresh. I think it works out to be around $80,000 per head.

Saturday, October 3, 2009 07:20PM Report Comment
 

7. devo said...

I like to keep it new and fresh. I think it works out to be around $80,000 per head.

I hear you. It's like 'the banks don't actually hold the money you have on deposit.'

It doesn't matter.

Saturday, October 3, 2009 10:08PM Report Comment
 

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