And then again the next day and the next without end. The perps themselves have called for $700 billion in two tranches and admitted it could go to a trillion.
Based on the ridiculous crap they threw in on the Dodd authored Senate version (a little something for a toy company, a little something for American Samoa businesses one of which is a Pelosi tuna co. investment, on and on and on), there will be an ongoing "need" creating a further "emergency" requiring other "rescues"...
I don't doubt your estimate of 10 trillion under Obama although you may be low, I'm just saying we're going to get ruined either way because if McCain bought into this one, he'll probably buy into the next several as well.
OTOH I am going to vote for Palin and hope for the best because there is no way Obama will be anything but the death of my country and probably quite a few of us. He is a fascist thug empty suit front man for very serious fascist thugs who know what they want and how to do it. IMO.
“IMHO, the bailout will cost $100 billion or so at the end of the day...
And then again the next day and the next without end. The perps themselves have called for $700 billion in two tranches and admitted it could go to a trillion.”
No, it is stated as a number for the whole cost. It’s like this: Fed Govt buys $700 billion in assets, holds and resells later. The actual cost depends on the cash flows and resale value. The assets are already written down, so will have face value of $2 trillion.
Then consider this:
http://osu.edu/news/newsitem2151
Theres more than money at stake: SCOTUS judges. For the Judges!