konane's Blog

"The trillion dollar bailout you didn't hear about

"The trillion dollar bailout you didn’t hear about – Commercial real estate values plummet again yet banks hide losses. A $3.5 trillion financial disaster in the making. We are now proud owners of an AMC theater and Chick-fil-A.

"......The fact that the entire banking system is now held up by taxpayer money, we have in effect nationalized the banking system with no actual benefits of nationalization.  That is, all the profits go to banks while all the losses hit the taxpayer. ......"

http://www.mybudget360.com/the-trillion-dollar-bailout-you-didnt-hear-about-cre-real-estate/

Entry #2,109