How Geithner’s Plan Will Cost The Taxpayer (Yet Again)
Tim Geithner is just another Wall Street lackey. His plan to bail out the bank through taxpayer-guaranteed private buyouts of toxic assets is yet another stupid idea. Called the “Public-Private Investment Program”, its going to spend between $500 Billion and $1 Trillion on toxic purchases (euphemistically called “assets”).
Ceny Uygur from The Young Turks, does a great job at explaining the latest plan and why it is terrible for the American taxpayer.
Which idea is dumber?
Buying $300 Billion of Treasuries or up to $1 Trillion in Toxic Assets?
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March 25th, 2009 at 7:39 am
I hate to say this, I really do, but in a capitalist society aren’t we supposed to let the banks fail? They are businesses and in a free market and if a business doesn’t run properly then it fails.
March 25th, 2009 at 1:00 pm
Thats what I thought, but it seems like we’re heading towards socialism instead!
March 25th, 2009 at 4:06 pm
Socialism is where all cultures are eventually heading.
March 27th, 2009 at 10:05 am
“dumber” is not a word, “more dumb” would work
March 27th, 2009 at 4:04 pm
Chancy,
I’d like to think you’re correct, but dictionary.com says “dumber” is an adjective of “dumb”. Now who’s more smart!