The current accounting of the financial system bailout at present is about $10 trillion. This includes funds approved and set aside for future liabilities not yet funded.
How much is $10 trillion?
$10 trillion would pay off 90% of the home mortages in the United States.
If the government would have sent out a $200,000 check to every homeowner, it would have been cheaper than what we have done so far.
So are these guys stupid or what?
Or What
You don't get to Washington by being stupid. It takes brains and money. And the money is provided by the very institutions that the politicians are "bailing out" at present. But let's not kid ourselves. This isn't a bailout....its a money grab, pure and simple.
This so-called financial crisis has been created, massaged and broadcast 24/7 so that the fearful sheeple will go along with whatever the politicians propose.
Under the guise of stemming this manufactured financial crisis, our hireling politicians are funneling billions to the bankers, and thus insuring our eventual financial collapse.
Why?
So that they can either ensure their re-election campaign financing, or ensure their financial well-being when back in the private sector, knowing they will be repaid for a job well done in robbing the American public.
Bottom line, these guys are mercenaries. They don't care one bit about America. These people are globalists and their desire is to bleed every last dime of profit from us before they let the whole thing collapse, allowing them to rebuild it according to their standards which, for sure, won't include the freedoms we have enjoyed for 200 years.
In the meantime ........ C. Y. A. and buy gold!