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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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5 Responses to “How Geithner’s Plan Will Cost The Taxpayer (Yet Again)”

  1. 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.

  2. Thats what I thought, but it seems like we’re heading towards socialism instead!

  3. Socialism is where all cultures are eventually heading.

  4. “dumber” is not a word, “more dumb” would work

  5. Living Off Dividends Says:

    Chancy,

    I’d like to think you’re correct, but dictionary.com says “dumber” is an adjective of “dumb”. Now who’s more smart! ;-)

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