[lbo-talk] Bailout Total: $29.616 Trillion Dollars: Government Accounting Office says $16 trillion
cb31450 at gmail.com
Mon Dec 12 11:02:51 PST 2011
Jordan, you should be elaborating an estimate as to what would have
happened if they had not been bailed out. Why is it that they were
"Too-Big-To-Fail" ? Without out the public money, what would have
happened to the private sector ? If their failure would have brought
down the system , that means that they made decisions that bankrupted
the whole Market, but for the bailout. THE Market , the Capitalist
Oracle, has pronounced the Financial Sector of the world bankrupt.
That's what it means when the banking officials say if you don't bail
us out, we will fail.
Ten books should be written on that alone. Capitalism doesn't add up.
Also, is the $ 7.7 trillion figure that came out last week or so
"composite" or "running" ? That's a lot more than $1.2 Trillion
"But Charles: you should probably stop misrepresenting GAO on the $16T
number. " "Probably" ? You don't seem sure.
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