Tuesday, April 13, 2010

Bailout Success Is the Problem

Nothing has worked or changed beyond devaluation. It's not as if devaluation was discovered in 2008. Need I cite 1934, 1971, 2001, as well as other historical precedents? Devaluation has always been part of the unofficial plan since the depressionary box formed in 2000.

The good news is that the bailouts worked. The bad news is the bailouts worked.

The Treasury Department now estimates the taxpayers' loss on federal bailout programs will be $89 billion, or about a third of the more than $250 billion projected in previous estimates. The new estimate by the Congressional Budget Office puts the loss at less than 1% of gross domestic product and less than 3.2% of GDP the savings and loan crisis cost U.S. taxpayers 20 years ago.

Source: finance.yahoo.com

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