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Author Topic: $50,000 each  (Read 975 times)

Bindare_Dundat

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$50,000 each
« on: September 10, 2008, 06:47:21 PM »
If you took all the money that was used to bailout all the failing companies and split it between every American household  it would come to $50,000 each.
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Hereford

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Re: $50,000 each
« Reply #1 on: September 10, 2008, 06:51:30 PM »
Sources, please
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240 is Back

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Re: $50,000 each
« Reply #2 on: September 10, 2008, 06:55:58 PM »
potential 4.1 trillion in loans divided by 305 million americans is $13,000 each.

not sure what the bailout fees will actually be (200 bil guaranteed, but to 4.1 tril from what i've seen).

when you count in all the interest on interest we're paying over time, doubling every 7 year or less, 50k over the lifetime is entirely reasonable for total cost.

Either way, it blows.  They loaned irresponsibly ONLY BECAUSE they knew they were federally insured and bush would give them this bailout.  Everyone is asking for the bailout $ now... president Obama won't be so friendly.
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Hereford

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Re: $50,000 each
« Reply #3 on: September 10, 2008, 06:58:00 PM »
I have to agree with you guys on this one.  This bailout is BS.

Using public funds to bailout private business...   >:(
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Hugo Chavez

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Re: $50,000 each
« Reply #4 on: September 10, 2008, 08:01:13 PM »
Quote from: 240 is Back on September 10, 2008, 06:55:58 PM
potential 4.1 trillion in loans divided by 305 million americans is $13,000 each.

not sure what the bailout fees will actually be (200 bil guaranteed, but to 4.1 tril from what i've seen).

when you count in all the interest on interest we're paying over time, doubling every 7 year or less, 50k over the lifetime is entirely reasonable for total cost.

Either way, it blows.  They loaned irresponsibly ONLY BECAUSE they knew they were federally insured and bush would give them this bailout.  Everyone is asking for the bailout $ now... president Obama won't be so friendly.
if you cut out under 18, it's something like 18,000.  Payment per household would be much bigger.
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calmus

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Re: $50,000 each
« Reply #5 on: September 10, 2008, 08:06:12 PM »
4.1 (or whatever) trillion would be the no. without the bailout.  it's like a house.  You can have hundreds of thousands of dollars in equity, but if you cant make a couple thousand dollars worth of payments, your creditors can foreclose and sell your shit. the govt basically keeps them liquid.  still fucked up. and I want some bail out dough too.
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Bindare_Dundat

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Re: $50,000 each
« Reply #6 on: September 10, 2008, 08:27:45 PM »
Sorry people , I should have said household.
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