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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?


To: smh who wrote (7927)2/28/2009 9:28:35 AM
From: GROUND ZERO™2 Recommendations  Respond to of 103300
 
The Treasury is constructing an elaborate transfer mechanism through which big banks can be kept in business, thanks to the public purse, without the taxpayer acquiring a majority of the common stock... so, all the taxpayers are getting screwed...

Some banks are only worth $5 billion dollars but received more than $40 billion in bailouts to stay afloat, and the tax payer gets nothing from it... wouldn't it make more sense to buy the whole thing instead?

Your tax money is being used to keep banks in business, but you get nothing from it... so, what would you call that? Most people would call that "getting screwed."

GZ