The Poor Bailing Out The Rich

[Kidlicious]

Originally posted by DanS
The lower half will pay very little indeed toward this bailout.

The $700bn is going to be added to the national debt which the rich own and make interest from.

So yea, some rich will pay and fall down to the lower ranks, maybe directly from the tall buildings. But as always the poor will pay all the bills.

[Rufus T. Firefly]

Isn't it more like China bailing out the rich? I mean, it's not like we have the $700 billion to begin with...

[Kidlicious]

Originally posted by Rufus T. Firefly
Isn't it more like China bailing out the rich? I mean, it's not like we have the $700 billion to begin with...

China uses their trade surplus to buy the debt, so I don't know how much of this $700bn will end up in their hands unless the trade surplus increases.

[Thue]

Originally posted by Rufus T. Firefly
Isn't it more like China bailing out the rich? I mean, it's not like we have the $700 billion to begin with...

I read that lots of US investors are selling stocks and buying treasuries right now, so the US might be able to raise the $700 billion from within the US.

[Thue]

This seems relevant:

[OneFootInTheGrave]

that's a great cartoon...


but for my hope that the second bill will be any better than the first one...

ah well at least some politicians showed the backbone once, but not enough... bah... see you in three months for 700bn more...

unless this bad debt mountain is smaller than it looks... which I highly doubt...

as for poor Americans bailing the rich (all over the world) ... but considering who you vote for into the public office, what else to expect :shrugs:

[Kidlicious]

This is just ****ing hilarious. It's a ****ing con. Everybody must see it. They got $700bn and that's not enough. If we don't give them more then we gave them $700bn for nothing.

[Japher]

There's a lot of told ya sos.... This place is ran by a bunch of idiots. I for one will not be voting "incumbant" this November. Also, why would anyone listen to Paulson?

[Imran Siddiqui]

Actually it seems like it'll cost no where near $700B since most banks aren't going to accept the deal, with the restrictions placed on them.

[Kidlicious]

Originally posted by Imran Siddiqui
Actually it seems like it'll cost no where near $700B since most banks aren't going to accept the deal, with the restrictions placed on them.

Source?

[Zkribbler]

Originally posted by Imran Siddiqui
Actually it seems like it'll cost no where near $700B since most banks aren't going to accept the deal, with the restrictions placed on them.

Wasn't the only restriction placed on them that they couldn't give their CEO's multi-million dollar golden parachutes?

[Aeson]

Sinfest comics have been pretty good throughout this. (No stupid cat and dog strips)

[Tiamat]

This is what I find horrible, Fannie Mae and Freddie Mac neither one would loan us the money we needed to purchase our home when we bought it so we had to find another way to finance it. Now you want me to bail you out? Who bailed us out when we need it. Bend over America here it comes and without the KY jelly!

[Blaupanzer]

Originally posted by Imran Siddiqui
Actually it seems like it'll cost no where near $700B since most banks aren't going to accept the deal, with the restrictions placed on them.

Of course they'll take it as soon as they figure out how to dodge the restrictions. A former Goldman Sachs CEO (Paulson) appoints a Goldman Sachs Senior Partner to administer the plan. Do you think this guy is going to screw all his old friends? Probably let them put it into some sort of deferred package.

The rich made it to 45% of all the income for the top 10% on this round. Now as a group they will fall down a few per cent. But they'll be back. Each round, the high earners get to a little higher percentage. This will keep up unless a revolt gets triggered. An awful lot of people are very mad at the Republicans right now.

[rah]

Cough, they're mad at Democrats also.