U.S. Bailout Costs May Reach $23.7 Trillion, TARP Inspector Says

Discussion in 'Wall St. News' started by ASusilovic, Jul 20, 2009.

  1. Goldman Sachs will save the day.

    Isn't that why they're on the receiving end of the most favorable treatment and access any alleged democratic government has ever granted a "private" entity?
     
    #11     Jul 20, 2009
  2. Best choice for all who can swing it.... until they make it illegal to leave.
     
    #12     Jul 20, 2009
  3. the1

    the1

    easier said than done. You have to get accepted by another country, then apply for citizenship in that country, and then I believe the IRS can still chase you overseas for something like 10 years. The government has this all planned out so you can't just pick up and leave. It's all part of the grand plan. No one can escape the destructive spending of congress and the Fed.

     
    #13     Jul 20, 2009
  4. It's not the end of the world by any means. All fiat currencies throughout history have faltered. The US$ is not immune.
     
    #14     Jul 20, 2009
  5. There is +- 7 trillion $ in US bank deposits?

    So it would have been cheaper as some said to declare the system bankrupt and just guarantee deposits?
     
    #15     Jul 20, 2009
  6. The BIG problem is in derivatives, many times bigger than deposits .... everybody's holding the bag on those and all expecting/hoping to get paid from tax payer funds.
     
    #16     Jul 20, 2009
  7. Does it feel like Rome while someone playeth the fiddle in here to anyone else?
     
    #17     Jul 20, 2009
  8. +1.


    Also, derivatives are just that for a reason. Contracts are broken all the time, derivatives are no different.

    -Trillions of swaps and other derivatives can go to $0 overnight when they are busted. The counter-parties wither go bankrupt or simply don't pay and litigate the mess over a decade.


    People need to stop thinking $1 trillion in derivatives == $1 trillion in USD. NOT THE SAME!!!!11!!
     
    #18     Jul 20, 2009
  9. It was a typo - they meant "container"...:D :D :D
     
    #19     Jul 20, 2009
  10. Seems to me that's what they're trying to avoid... so that everybody gets paid. And because counter-parties did not reserve assets to honor obligations, the only place they can get paid from is the tax payer.
     
    #20     Jul 20, 2009