Bailout: $9.7 Trillion Yes I Said $9.7 Trillion. Did I already mention $9.7 Trillion?
The Fed is insolvent. We got that story. Nice read. We have new science (Harvard research) showing that THC the active ingredient in Marijuana slows or perhaps even impedes small-cell lung cancer tumour growth. Yep, I included that. Bankers paying for sex on corporate expense accounts. Taxpayers versus Bondholders in the bank bailout discussion. Many great reads on that. Stimulus, check. Florida real estate depression, check.
Oh and just one more thing. Bloomberg says that taxpayers have spent or pledged $9.7 trillion dollars so far on the various government bailouts. That's $9.7 trillion of cash we don't have. It's all borrowed people. All of it. From your kids, grandkids, great grandkids. At least until monetization when we all get sucked dry.
45 stories inside. all in one link. you know the drill.
Plus give me time and I'll keep adding more doctored photos of Bernanke and Paulson inside.
Click here for the 45 best for monday.
Feb 9, 2009 at 3:48 PM
Reader Comments (2)
YOU ARE VERY FUNNY!!!!