[RC2]

OK...I need to ask this.....Where do they propose we get the money?

[NRG1973]

A Federal Reserve bailout...hmmmm...I wonder how expensive a gallon of gas will be by Christmas.

[yefragetuwrabrumuy]

Sorry, couldn't resist the typo.

[rockvillem]

Obama is probably rubbing his hands - this could be the nuclear weapon that puts the finishing touches on destroying the USA. Make us responsible for bailing out Greece, etc.

It’s a chilling reminder of Margaret Thatcher’s line that the problem with socialism is that at some point you run out of other people’s money. Obama is gleeful at the prospect of helping make sure that it’s the USA whose money gets blown in the final chapter.

[Oldeconomybuyer]

Pass this Bill!
Pass this Bill!
Pass this Bill!

/parasite

[6SJ7]

A trillion hear a trillion there. Pretty soon your talking real money. (I’m waiting for the first MSM reference to “quadrillion” since trillion is so common.)

[SnuffaBolshevik]

Forget it, Angie.

Let those big puppies breathe, crack open a Jereboam of Riesling, point your recliner towards the Hamptons and enjoy the implosion of the EU.

The B-17’s won’t be able to rescue Germany or the rest of Europe this time.

[Palter]

'And she will say that she needs roughly $1 trillion in financial guarantees and liquidity support.'

These jokers need to take a hike. We are broke. We are broke. Who is to say 1 Trillion is enough. There is never enough money for socialism and corporatism!

Please ask the GOP contenders who would support these central planned actions!

[Maceman]

With what?

[Recovering_Democrat]

[blueunicorn6]

GimmegimmegimmegimmegimmeOpa!Opa!OPa!goodoldunclesammywillsaveusfromthewhammyOpa!Opa!OPa! Gimmegimmegimmegimmegimmegimme.

[RowdyFFC]

Oh God no, help us...fight this man off our money.

[ronnyquest]

Let ‘er fall!

[DustyMoment]

Merkel Will Press Obama And The Fed To Help Bail Out The Eurozone.

Yeah. Good luck with that, Angela.

You would be better off taking it directly to OUR credit source, the Chinese. If they won't loan you money, try Drive Time, they approve everyone who requests credit.

[rbg81]

Yeah, this will go over well. [/s]
Come on Obama, take the bait. I dare ya. I double dare ya!!

[LibLieSlayer]

We are broke... maybe he can get his pal buffett to bail them out.

LLS

[schu]

Three years later, it will be Angela Merkel talking to President Obama,Treasury Secretary Geithner and Federal Reserve Bank Chairman Ben Bernanke with exactly the same message. The United States government and the Federal Reserve must come to the rescue of the Eurozone or the ramifications will be catastrophic. And she will say that she needs roughly $1 trillion in financial guarantees and liquidity support. That's the number that will calm the markets.

I have read estimates that the Fed dished out between $16T and 24T during the 2008 financial crisis. Bloomberg reported that the Fed “loaned” over $1.2T to PD banks during that period.

Does anyone really believe the number is $1T? LOL! Add at least a zero and maybe multiply by 2 and you get the picture. It will take $10T to plug this hole, but if they can get us on the hook for a measly $1T, then the final number is just a detail.

It always seems to come down to that famous Von Mises quote:

There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.

schu

[smalltownslick]

Well, she is the most powerful woman in the world, after all.

[Mariner]

And this WOULD constitute treason on the part of the Fed and the Administration.

[mewzilla]

So what have the Pubbie candidiates had to say on this subject?

(crickets chirping)