BF2S Forums Taxpayers risking 9.7 trillion dollars in bailouts.

ATG wrote:

This is the biggest heist in the history of humanity, a financial crime of almost biblical proportions.

Seeing those figures makes you wish to do a bank heist and plead not guilty for reason that you only grabbed what was taken from you.

Last edited by Warhammer (2009-02-09 12:15:07)

The harder they fuck up now the more peaceful your revolution will be ATG.

ATG wrote:

This is the biggest heist in the history of humanity, a financial crime of almost biblical proportions.

If it were a heist, that money would've gone to someone. It didn't. It just disappeared.

Bloomberg wrote:

The stimulus package the U.S. Congress is completing would raise the government’s commitment to solving the financial crisis to $9.7 trillion, enough to pay off more than 90 percent of the nation’s home mortgages.

Imagine if 90% of the country's homeowners didn't owe a cent on their mortgages. How much cash would flow into the economy from consumer spending now that they aren't spending 30+% of their income on their mortgages?

The#1Spot wrote:

I wonder when the military will revolt against the govt?

I'm thinking never.

FEOS wrote:

Imagine if 90% of the country's homeowners didn't owe a cent on their mortgages. How much cash would flow into the economy from consumer spending now that they aren't spending 30+% of their income on their mortgages?

*drools* I am young to worry about housing, but the concept of that would be awesome. Hell even spending over $1400 to each individual in the world would improve US to foreign relations in matters of politics and economics. These options are way better than the shit we are spending it on. Give it to what, failing people making mistakes in business. Their business would be bought up or taken over from other businesses as the worst case scenario.

I like the plan where you eliminate all federal taxes and just have a 8-10% sales tax. That would jump start the economy dramatically.

Diesel_dyk wrote:

I think we need the "Fight Club" solution.

Start one good govt bank with the bailout money ($5 trillion would be a huge bank) AND wipe out the other banks including the savings, the bond holders, the shareholders, and most importantly all the debt owed to these banks. Level everything to zero and start over. Some people win some people lose, but the economy would recover quicker and in the long run it would be cheaper.

I sort of agree, but I don't think that's going to happen.

Hurricane2k9 wrote:

Diesel_dyk wrote:

I think we need the "Fight Club" solution.

Start one good govt bank with the bailout money ($5 trillion would be a huge bank) AND wipe out the other banks including the savings, the bond holders, the shareholders, and most importantly all the debt owed to these banks. Level everything to zero and start over. Some people win some people lose, but the economy would recover quicker and in the long run it would be cheaper.

...so you're suggesting we create one giant government bank and close all the others? hello monopoly

What I was thinking was to put good govt money in a good govt bank. Start a good govt bank so we have at least one place that will lend money. Let the other banks sink or swim. Either they will get out of their own funk or they will go insolvent. But I wouldn't put one nickel in towards saving them. And since there is govt money already in there, instead of trying to recoup that money when they do go under, just cut all of the people who owe that bank free.

When the economy recovers the govt would make a bundle on an IPO, or serveral IPOs if if breaks it apart.

The idea is a little like a bus driver that has a contagious cancer. take the patient bus driver and isolate them first, then throw them a knife and let them cut the cancer out by them self. If they survive, fine, if they die, well at least everyone else didn't catch it and we don't have some dieing guy drive us over the cliff.

In the meantime we still need a healthy driver to take over the bus.

The last thing we need is the govt giving the guy gas money so that it can spread the disease everywhere.

Its not quite "fight club" but its close

Last edited by Diesel_dyk (2009-02-11 12:54:38)