TRUE Cost Of The Wall Street Bailout - 12.8 Trillion Dollars

[Hobbes]

 

[Billybob]

Just put it on our tab.

 

[DirtyDawg]

Get the feathers & stir the tar pot.....

 

[LightningCrash]

In for later!

Doubt it will bother people too much if it's true though.

 

[NikatKimber]

Short of American Revolution vs 2.0, what can "We The People" do? Vote?!?!? Our choices since I can remember (past 12-15 years) have been:

Spend Bigger
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vs:
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Spend Biggest

 

[Biggsly]

Short of American Revolution vs 2.0, what can "We The People" do? Vote?!?!? Our choices since I can remember (past 12-15 years) have been:

Spend Bigger
.
.
.
.
.
.
.
vs:
.
.
.
.
.
.
Spend Biggest

But if you don't let them keep spending, the USA will fall apart, collapse, implode, explode, riots in the street, starving children, grandma is going to eat dog food, and whatever next weeks fear is. As long as they know that the people are to scared to maybe have to survive for themselves, they will keep spending.

 

[Grendel]

It's a good thing that we live in a free market capitalism society, where the market will determine the success or failure of each business. But oh, if only they could have just a few more tax breaks to make it easier to do business....

 

[Hobbes]

But if you don't let them keep spending, the USA will fall apart, collapse, implode, explode, riots in the street, starving children, grandma is going to eat dog food, and whatever next weeks fear is. As long as they know that the people are to scared to maybe have to survive for themselves, they will keep spending.

There seems to be some misunderstanding about the nature of what the 12.8 Trillion is.

Most of that 12.8 Trillion is not spending by the federal government. It is obligations created out of thin air by the federal reserve.
It wasn't voted on by our legislators and you won't find it written into any bill or budget in congress.
And we don't even know who that money went to or how much.
That's why I'm looking forward to this reaching the SCOTUS and the federal reserve being forced to disclose who benefited from this chicanery.

 

[Shadowrider]

There seems to be some misunderstanding about the nature of what the 12.8 Trillion is.

Most of that 12.8 Trillion is not spending by the federal government. It is obligations created out of thin air by the federal reserve.
It wasn't voted on by our legislators and you won't find it written into any bill or budget in congress.
And we don't even know who that money went to or how much.
That's why I'm looking forward to this reaching the SCOTUS and the federal reserve being forced to disclose who benefited from this chicanery.

But will SCOTUS fall in line with the previous courts?
And will the federal reserve actually disclose the info if ordered to? Or will they pull an Eric Holder and fly the middle finger like Holder is doing to a congressional investigation?
And the biggest question is, will the public just want to lynch these companies for taking the money? Or will they direct their anger at where it should be directed? That being the federal reserve for doing this crap in the first place.

Questions, questions, questions....

 

[MLRyan]

'Murrica!