$700 Billion For New RTC? What If....

G

gnome

They might have told us "only $700B", because we can imagine how we might handle it over time.

What if it's really 10 TIMES THAT?

Wouldn't be a first, you know, for the Gummint to give us an overly optimistic lowball number about something negative (like they always do about the REAL inflation rate)...
 
Look at it this way,

If it's ten times of $700b, we're screwed.

If the government does nothing, we're screwed.

So either way, we're screwed.

I hope that brings you some comfort!
 
Now look at them yo-yos thats the way you do it
You set up a debt fund like the RTC
That aint workin thats the way you do it
Money for nothin and chicks for free
Now that aint workin thats the way you do it
Lemme tell ya them guys aint dumb
Maybe get a ding on your stock price
Maybe get a ding on your bond

We gotta install microwave ovens
Custom kitchen deliveries
We gotta move these refrigerators
We gotta move these colour tvs

See the little faggot with the books full of losses
Yeah buddy thats his own loss
That little faggot got his own jet airplane
That little faggot hes a millionaire

We gotta install microwave ovesns
Custom kitchens deliveries
We gotta move these refrigerators
We gotta move these colour tvs

I shoulda learned to make big gambles
I shoulda learned to schooze con-gress
Look at cnbc mama, she got it stickin in the camera
Man we could have some fun
And hes up there, whats that? bullish noises?
Bangin on the index like a chimpanzee
That aint workin thats the way you do it
Get your money for nothin get your chicks for free

We gotta install microwave ovens
Custom kitchen deliveries
We gotta move these refrigerators
We gotta move these colour tvs, lord

Now that aint workin thats the way you do it
You set up a debt fund like the RTC
That aint workin thats the way you do it
Money for nothin and your chicks for free
Money for nothin and chicks for free
 
Quote from gnome:

They might have told us "only $700B", because we can imagine how we might handle it over time.

What if it's really 10 TIMES THAT?

Wouldn't be a first, you know, for the Gummint to give us an overly optimistic lowball number about something negative (like they always do about the REAL inflation rate)...
More...

Is this the same 'Gummint' that told us the Iraq war was supposed to pay for itself? Now the Iraqi treasury is overflowing and Uncle Sam is looking for loose change in the couch.

They haven't been able to correctly estimate the cost of anything. You can probably add a zero to the total if you want to get real. They arent buying assets, they're buying toxic paper.

I love the people who are saying the 'gummint' might actually make money off this deal and it will be good for tax payers. Those people should be steralized before they decide to breed, for the good of society.
 
Quote from psychonin:

Look at it this way,

If it's ten times of $700b, we're screwed.

If the government does nothing, we're screwed.

So either way, we're screwed.

I hope that brings you some comfort!
More...

The ONLY comfort I have about America's future is that being a Boomer, and though I expect to lose 90% of my assets to taxes inflation and currency debasement, the collapse will likely come at the end of my life and I won't have to suffer too long beyond that. :mad:
 
i would rather the gov. stay out and let the market do its thing. remember your money at the brkerage is insured up to 250k. so whats the problem ? the market was only down to 10400. ?

bp
 
Quote from bgp:

i would rather the gov. stay out and let the market do its thing. remember your money at the brkerage is insured up to 250k. so whats the problem ? the market was only down to 10400. ?

bp
More...

the market's arteries are clogged and if left alone the market will have a heart attack and die severely. that's the gist of it I think.
 
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