$16 trillion were spent in bailouts a...

$16 trillion were spent in bailouts according to the GAO -your thoughts?

Posted in the Los Alamitos Forum

edgarnator

Long Beach, CA

#1 Sep 13, 2011
In the US we have socialism for the rich and the "free hand" of the economy for the rest.
edgarnator

Long Beach, CA

#2 Sep 13, 2011
Some of the individuals on the board that makes these decisions were/are also on the receiving end as well (i.e. JP Morgan Chase).
edgarnator

Long Beach, CA

#3 Sep 13, 2011
Here's the link to the Federal Audit Report from a solid source.

The Fed Audit »< http://sanders.senate.gov/newsroom/news/index... ;
edgarnator

Long Beach, CA

#4 Sep 13, 2011
Here's the link to the Federal Audit Report from a solid source._

The Fed Audit »< http://sanders.senate.gov/newsroom/news/index... ;
edgarnator

Long Beach, CA

#5 Sep 13, 2011
$16 trillion of our tax money was used to bailout big businesses, foreign banks, and into the pockets of some CEOs in the form of bonuses. WTF
edgarnator

Long Beach, CA

#6 Sep 13, 2011
edgarnator wrote:
Some of the individuals on the board that makes these decisions were/are also on the receiving end as well (i.e. JP Morgan Chase).
It's all legal. They made up "conflict of interest waivers."
bolbobaggins

Calexico, CA

#7 Sep 13, 2011
16 trillion is not enough to bankrupt the U.S. Obama wants another trillion he can hand out in hopes of getting reelected.
Rob Johnson

Phelan, CA

#8 Sep 13, 2011
bolbobaggins wrote:
16 trillion is not enough to bankrupt the U.S. Obama wants another trillion he can hand out in hopes of getting reelected.
Can you blame him? It worked for Jerry Brown! Take heart. I doubt that most Americans will be as stupid, thoughtless, and self destructive, as Californian's when they finally get a chance to replace Obama in 2012. After all, unlike us, other Americans Vote as if their childrens futures depend on the out come.
edgarnator

Long Beach, CA

#9 Sep 13, 2011
edgarnator wrote:
<quoted text>It's all legal. They made up "conflict of interest waivers."

It's a big "F You" to tax payers. Can anyone stop this machine?

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