tugmoose Posted November 26, 2008 Share Posted November 26, 2008 Some perspective: If we add in the Citi bailout, the total cost now exceeds $4.6165 trillion dollars. People have a hard time conceptualizing very large numbers, so let Quote Link to post Share on other sites
uncool2pillow Posted November 26, 2008 Share Posted November 26, 2008 U.S.A., U.S.A., U.S.A., U.S.A., U.S.A., U.S.A.,!!!!! Quote Link to post Share on other sites
Duck-Billed Catechist Posted November 26, 2008 Share Posted November 26, 2008 All the money printed off by The Federal Reserve is really just a strategy to lower the value of our currency so that Europe will buy shits produced by our non-existent manufacturing sector. Quote Link to post Share on other sites
tugmoose Posted November 26, 2008 Author Share Posted November 26, 2008 Suggested new names for Citi Field: The B.O.B. (Bail Out Ballpark) Debits Field Citi agreed to pay $400,000,000.00 over 20 years for naming rights. Wonder how they ever got in trouble. Quote Link to post Share on other sites
bjorn_skurj Posted November 26, 2008 Share Posted November 26, 2008 The Citi CEO was on Charlie Rose and he said what happened was too much money got invested in real estate in the U.S., which, he pointed out, hasn't really gone significantly down since the Great Depression, until now. He actually sounded a little pissed that people were upset about it. I would just call it Shea Stadium again, or maybe the Chinese will buy the naming rights and call it Mao Zedong Field. Quote Link to post Share on other sites
tugmoose Posted November 26, 2008 Author Share Posted November 26, 2008 Times like these could drive ya to the . Quote Link to post Share on other sites
tugmoose Posted November 27, 2008 Author Share Posted November 27, 2008 So the gov't is lending (I guess) taxpayer money to banks so that the banks can lend taxpayer money to taxpayers, with interest. Wouldn't it be better just to let the taxpayer keep his money? what am I missing here? Quote Link to post Share on other sites
bjorn_skurj Posted November 27, 2008 Share Posted November 27, 2008 Because people need to borrow more money than what they would be saving in their taxes? Quote Link to post Share on other sites
tugmoose Posted November 27, 2008 Author Share Posted November 27, 2008 People seeking loans need more than the $4 trillion the gov't is handing out? Quote Link to post Share on other sites
bjorn_skurj Posted November 27, 2008 Share Posted November 27, 2008 Collectively, maybe. Individually, I suppose most people could use between 50 and 200 grand, which takes your average person, what, eight or nine decades to save in reduced taxes? Will the foreclosers hold off that long? (Disclaimer: I am not exactly sure what proposal you are talking about.) Quote Link to post Share on other sites
mountain bed Posted November 27, 2008 Share Posted November 27, 2008 "Debits Field" That's pretty good, Tug. Quote Link to post Share on other sites
bjorn_skurj Posted November 27, 2008 Share Posted November 27, 2008 "Debits Field" That's pretty good, Tug. That is - too bad you don't work for the NY Post. Quote Link to post Share on other sites
tugmoose Posted November 27, 2008 Author Share Posted November 27, 2008 That is - too bad you don't work for the NY Post.Full disclosure: It was posted on baseballfever.com a few days ago. And my brother does the back page headlines at the Philly Daily News. I'm just a little pissy cause the whole thing stinks: banks screw up, and we end up footin' the bill, while the banks go ahead and make a profit. It's a broken system and this ain't fixin' it. I just have a feeling they're throwing everything against the wall and seeing what sticks - not that I have any better answers. The whole thing has a Patriot Act feel to it: We gotta do something, anything, right away. Quote Link to post Share on other sites
mfwahl Posted November 28, 2008 Share Posted November 28, 2008 Citi, please use bailout money to pay off my loan. Thanks. 'Twas a real pleasure doing business with you. May the Force be with you. Quote Link to post Share on other sites
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