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US seeks new $250 bln bank bailout: report (wants money as "overly conservative" placeholder)
AFP on Yahoo ^ | 2/26/09 | AFP

Posted on 02/26/2009 9:16:03 AM PST by NormsRevenge

WASHINGTON (AFP) – President Barack Obama is seeking a safeguard option to spend 250 billion dollars more to rescue the US financial industry in the budget outline to be unveiled Thursday, US media reported.

The Obama administration currently has no current plans to use the 250 billion, but wants the money included as an "overly conservative" placeholder just in case, ...

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Business/Economy; Crime/Corruption; Government; Politics/Elections
KEYWORDS: 111th; bailout; justincase; obama; placeholder
"overly conservative" placeholder

--

sigh

It's like crack, once ya start smoking it.. welllll...

1 posted on 02/26/2009 9:16:03 AM PST by NormsRevenge
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To: NormsRevenge

if it’s there, it WILL be spent. How dumb are people, falling for the same crap, EVERY time????


2 posted on 02/26/2009 9:21:25 AM PST by chuck_the_tv_out
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To: NormsRevenge

holy crap! another one?!!

is anyone tracking all this?

a few hundred billion here, a few hundred billion there... eventually, you end up with real money


3 posted on 02/26/2009 9:24:59 AM PST by sten
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To: NormsRevenge

No more bailouts....let the banks and Wall Street Socialists die....

We can rebuild America much easier if we let the Wall Street Socialists croak.


4 posted on 02/26/2009 9:30:06 AM PST by UCFRoadWarrior (The Biggest Threat To American Soverignty Is Rampant Economic Anti-Americanism)
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To: NormsRevenge
TARP : 700 billion
Stimulus : 800+ Billion
Omnibus : 410 Billion
Budget : 4000 Billion
TARP II: 250 Billion

The bond market is going to collapse by summer.

5 posted on 02/26/2009 9:32:53 AM PST by Centurion2000 (01-20-2009 : The end of the PAX AMERICANA.)
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To: sten
It needs repeating: a few hundred billion here, a few hundred billion there... eventually, you end up with real money
6 posted on 02/26/2009 10:49:21 AM PST by UScbass
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To: Centurion2000

that adds up to $6.16 TRILLION

and yes, as i have stated before, their goal is to crater the US economy by june-august time frame. this will allow them to still blame the republicans and put the US into 1929... assuring themselves power for 40+ years as people will continue to vote in the party of the social program.

and yes, soros will also win... as the chinese will be forced to decouple from the US dollar... sending it skyward... and making him the richest, most powerful man on the planet


7 posted on 02/26/2009 1:09:19 PM PST by sten
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