The numbers are big. Really big. I mean look at the size of those numbers!US unveils $1tn toxic asset planWould you rather the bank buy up all this debt from banks that failed to manage our money properly in the first place, or a $3,000 handout for every US citizen? That would be $6,000 for the average household.
The US has announced details of a plan to buy up to $1 trillion worth of toxic assets to help repair banks' balance sheets.
Of course the truth is that we, the US citizens, will end up paying that $3,000 each plus the interest on it. All to keep banks solvent.
Seems to me that if we are going to get screwed, $3,000 would pay for a real high class hooker. (see above) And that seems like a better use of $1 trillion.
3 comments:
I could buy tan ultralight with that!
Sorry, what's that? I was busy staring at those really big... numbers.
Think of the guitar gear I could buy!
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