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OccultHawk 06-10-2017 12:25 PM

I read your post. You're buying into the bull**** narrative that you'll have suffer along with the rich. They should have used that bailout money to buy out your 401K and payoff your house and reimburse you for the damage they did to the housing market. People like you should get the bailout not the ****ing billionaires. Everyone's credit card debt should have been erased, home loans, car payments, student debt, and if the bailout didn't cover it start stripping the military.

Chula Vista 06-10-2017 12:44 PM

Quote:

Originally Posted by OccultHawk (Post 1844506)
They should have used that bailout money to buy out your 401K and payoff your house and reimburse you for the damage they did to the housing market. People like you should get the bailout not the ****ing billionaires. Everyone's credit card debt should have been erased, home loans, car payments, student debt, and if the bailout didn't cover it start stripping the military.

Who is THEY?

The money spent to bail out the banks, $700 Billion, amounts to nothing compared to what you are suggesting.

The US population is 325 million people. If we assume 50% have lots of normal life debt, $700 billion would have netted me less than $4,500.

It's all about math in the grand scale of things.

OccultHawk 06-10-2017 12:52 PM

Military

And the real cost of the bailout

Trillions

Wpnfire 06-10-2017 12:58 PM

The real cost of the bailout was $7.7 trillion, and it was given no strings attached from my understanding.

OccultHawk 06-10-2017 01:07 PM

You can't put strings on 7,700 billion dollars. That **** will buy crazy good scissors.

Chula Vista 06-10-2017 01:15 PM

Quote:

Originally Posted by Wpnfire (Post 1844545)
The real cost of the bailout was $7.7 trillion, and it was given no strings attached from my understanding.

You need to drop three zeros.

https://en.wikipedia.org/wiki/Emerge...on_Act_of_2008

And again, what you are suggesting OH is a pipe dream. Wasn't going to happen. So we got the best option available at the time.

Our government, military, and banks are just not the fox guarding the hen house. It's a trio of foxes in a circle jerk making sure they are 100% fine and secure, no matter what the circumstances are.

Such is the reality of life in the USA in 2017. Maybe we need Bane to burn it all down???

Frownland 06-10-2017 01:18 PM

I'll just leave this here.

https://en.m.wiktionary.org/wiki/false_dichotomy

OccultHawk 06-10-2017 01:30 PM

Forbes

https://www.google.com/amp/s/www.for...k-bailout/amp/

Quote:

Most people think that the big bank bailout was the $700 billion that the treasury department used to save the banks during the financial crash in September of 2008. But this is a long way from the truth because the bailout is still ongoing. The Special Inspector General for TARP summary of the bailout says that the total commitment of government is $16.8 trillion dollars with the $4.6 trillion already paid out. Yes, it was trillions not billions
Trillions.

Chula Vista 06-10-2017 01:41 PM

https://images-na.ssl-images-amazon....1mJ9nq59uL.jpg

A lot of that extra money has been after the banks and Wall Street recovered the US economy. I bought my house for $172K in 1998. It peaked at $500K during the bubble and then crashed down to $200K when it burst. I'm back to $460K. Same story with my 401K. Helping support the banks with my taxpayer dollars is fine by me because it is benefitting me at the end of the day.

I've been working full time and paying into the "system" for about 40 years. At this stage of life I have no choice but to look at the bottom line and what is best for me and my wife.

You idealists? Give it all you got and my best wishes.

Frownland 06-10-2017 02:07 PM

Quote:

Originally Posted by Chula Vista (Post 1844565)
me me me me me me me me me me me me me me me me

And that's why youre wrong.

In a buttshell.


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