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To: Dilbert San Diego
Where is the gov’t getting $700 billion though? We know they don’t just have $700 billion in a bank account somewhere, just waiting for Paulson to wire somebody the money.

Look over your shoulder, dude, because you looked behind the curtain, and that's not allowed.

The government can't earn or "create" money.

The taxpayer will pay either through massive inflation and simultaneous devaluation (if the government just prints the money), or if the government allows nature to take its course, the amount that the same taxpayers will lose if all those businesses are allowed to fail will make the alternative make a lot of sense --- but way too late.

We live in interesting times.

A real-life lose-lose proposition.

Unless, of course, we can get restitution from the real villains. The brokers, the insiders, the CEOs. To account for several trillion dollars, there must be a whole lot of them.

Where is the money? In assets? Swiss banks? Offshore accounts? They can't make money disappear any more than the government can just print it.

Who exactly are the stockholders in all the businesses that we will allow to fail?
Has the question even been asked?

14 posted on 09/22/2008 9:53:38 PM PDT by Publius6961 (Change is not a plan; Hope is not a strategy.)
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To: Publius6961
"Where is the money?"

Everywhere. The guy who refinanced his house with an updated and inflated assessment of it's value, who then sold it. The real estate broker who took his 7% or so off this inflated value sale price, the mortgage seller who took his commission out of the total mortage funds they person (who handed in his lie sheet to qualify for the loan. Then the company took all these bad inflated high risk loans, and sold them all (taking a cut of pure profit)to the investment companies and banks, insurance companies etc. who thought that this was a good guarantied long term investment bundle with a solid return.

17 posted on 09/22/2008 10:07:43 PM PDT by Nathan Zachary
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To: Publius6961

I don’t know the answers to some of your questions, but I do know the answer to your last question, part of it anyway. The stockholders are pensions, retirement accounts, and mutual funds, for businesses and governmental agencies all over the country. Probably nearly all of us have some part in these banks.


33 posted on 09/22/2008 10:58:16 PM PDT by singfreedom
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To: Publius6961
Where is the money?

It was given away to irresponsible people at the insistence of Democrat politicians.

When you insist that a minority earning 21K a year be given loans totaling over a million dollars, it starts adding up.

67 posted on 09/23/2008 3:56:48 AM PDT by marktwain
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