Forum | National Economy http://nationaleconomy.net/forum/national-economy/potential-costs-of-bank-bailout-80000taxpayer/ Simple:Press Version 4.3.3 Genghis Tron on Potential Costs of Bank Bailout: $80,000/Taxpayer http://nationaleconomy.net/forum/national-economy/potential-costs-of-bank-bailout-80000taxpayer/#p24 Anything And Everything http://nationaleconomy.net/forum/national-economy/potential-costs-of-bank-bailout-80000taxpayer/#p24 Mussolini said, "Fascism should more appropriately be called corporatism because it is a merger of state and corporate power."  Interesting...

]]> Mon, 20 Jul 2009 21:48:57 +0000 Genghis Tron on Potential Costs of Bank Bailout: $80,000/Taxpayer http://nationaleconomy.net/forum/national-economy/potential-costs-of-bank-bailout-80000taxpayer/#p22 Anything And Everything http://nationaleconomy.net/forum/national-economy/potential-costs-of-bank-bailout-80000taxpayer/#p22 "The federal government has devoted $4.7 trillion to help the financial sector through its crisis, a level of assistance equal to about one-third of the overall U.S. economy, a watchdog report said Monday.

Under the worst of circumstances, the report said, the government's maximum exposure could total nearly $24 trillion, or $80,000 for every American."

See: http://seattletimes.nwsource.c.....sight.html

On top of that, "[m]any of the banks that got federal aid to support increased lending have instead used some of the money to make investments, repay debts or buy other banks, according to a new report from the special inspector general overseeing the government's financial rescue program."

See: http://seattletimes.nwsource.c.....arp20.html

So... how is it still legal for Banks to require me to pay back student loans?

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