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"The trillion dollar bailout you didn't hear about

Published:

"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

Comments

1.
Rick GComment by Rick G - August 25, 2010, 4:52 pm
...and the taxpayers foolishly keep writing the checks.
2.
konaneComment by konane - August 25, 2010, 5:03 pm
Thanks Rick! Yep they sure do.
3.
sully16Comment by sully16 - August 25, 2010, 8:33 pm
Years ago I complained about the state getting it's hand in small business, should have seen it go federal also.
4.
konaneComment by konane - August 25, 2010, 8:48 pm
Thanks Sully! Hope we're able to elect people in the future to roll some of this excessive regulation, etc., back so business can function, flourish and hire people in the private sector.

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