Quote:
Originally Posted by Rocky_Shorz
Now that it is twisted in congress, they will let the market fall until Thursday, when they get the promissory notes from the tax payer guaranteeing Wall Street.
They will let the short sales start again, let everything tank, and then will step in and buy all the large banks with the Taxpayers having ownership so as the prices spike up, the Tax payers get the benefit of this bailout...
I guess it isn't all bad, the Republicans might have known what they were doing after all ;-)
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There is NO taxpayer benefit, even if you ignore the destruction of the dollar that the bailouts and the Fed printing presses are bringing imminently closer to reality. Bernanke and Paulson already let it slip that they are going to purchase these worthless assets at ABOVE market value.