PPRuNe Forums - View Single Post - Growing Evidence That The Upturn Is Upon Us
Old 25th Sep 2008, 17:08
  #597 (permalink)  
nich-av
 
Join Date: Apr 2008
Location: tahiti
Posts: 171
Likes: 0
Received 0 Likes on 0 Posts
So, WWW, what do you think?

Wasn't I right to tell you that we'd get to see who was specultaing on oil?
Exactly. It looks like the huge banking institutions are who we were looking for.

Now they need a bail-out worth 700 billions.
But wait a minute... private investors want to stay out out of fear of losin ghtier money. So why would the government gamble the taxpayer's money?

The population of the US is about 300 million.
The 700 billion dollar bail-out comes down to 2500$ per person.
Out of the 300 million us citizens, let's suppose 20% are paying back home loans and 5% are undergoing foreclosure.
So why is best to save Wall Street when you can save Main Street with that kind of money?

What a corrupt economy...
nich-av is offline