So all of this money could've paid for.....

[Rock Sexton]

Apparently there was a Bloomberg article not to long ago detailing that the $9.7 trillion that has been swindled (at that time) could've paid off 90% of the mortgages here in the U.S .......... wouldn't this in itself be a bigger solution to creating consumer spending than giving the money to the banks? Not that I'm in agreement with either choice............

Now let me think logically here. If there was no other choice, but that of moral hazard for them - they decided to give the money to the banks. This logically leads to the fact that they don't want people out of debt. If those mortgages had been cleared, they could've drastically reduced the exposure to toxic derivatives.

Isn't the number now around $12-$14 trillion? I'd imagine that would cover all mortgages and a good portion of CC debt and student loans.

 

[ItsTime]

Yup. Sheep have been robbed "for the common good"............................ of the banks

 

[muh_roads]

I'm not for bailouts but I've said all along...it would've made more sense to pay off peoples debts. That way the bankers get their money back and the people have a clean slate to start over and buy more worthless shit going back into debt...keeping the party going a bit longer.

So instead they just give the money directly to the bankers, the people with debt continue to be trapped. Meanwhile the fresh new money for bankers can be used to find new people to sucker into the debt-slavery system.

 

[LATruth]

Although paying the mortgages would have not only ended the housing bubble, the increased homelessness, expansion of government subsidized tent cities, etc.

It would have brought true stability to the markets due to people being able to SAVE and INVEST in real companies instead of pouring monies into insolvent ones.

Bankruptcy IS ECONOMIC STIMULUS in a free market society. Now we all owe 40k+ and many are homeless, no savings being built, no investing being done...

I'm not a fan of any type of bailout, but the money should have went directly to the people defrauded with unethical adjustable rate mortgages. And loaned to the average joe for housing needs. Among other things.

 

[HOLLYWOOD]

That ELITIST PUPPET Barack Obama and his minions of Thieves... have thrown: $12.4 TRILLION into this Banskster/Government BAILOUT CessPool and attempted to sell it off as Stimululating the economy. Dumb American Sheeple...

If you truly wanted to stimulate the economy, elinimate the INCOME & CAPITAL GAINS TAXES and put the money back in the people's wallets.

Let's see now... $12.4 TRILLION divide by $1.3 Trillion/yr = approximately 10

For 10 years, all American not paying ANYMORE TAXES compared to Obama Banks/FED/Gov garbage... everyone keeps the fruits of their labors and can now spend to buy American Cars, Food, Education, and homes, etc. Nope it all goes to the Masters of the Universe (Government and Banks aka partners in crime) CHANGE! CHANGE is what we are left with from all these thieving cronies.

Government 101...

and the Morons of America tolerate the theft and lies

 

[boberino]

If they did do that, I'd never make another loan payment ever again. Why should I when the government will just payoff my debt if times get rough?

 

[LATruth]

If they did do that, I'd never make another loan payment ever again. Why should I when the government will just payoff my debt if times get rough?

What do you think banks and financial institutions are thinking? On a MUCH larger scale...

Again, NO ONE should be for ANY bailout. BUT if there were to be a bailout, it should be for the people.

 

[Rock Sexton]

If they did do that, I'd never make another loan payment ever again. Why should I when the government will just payoff my debt if times get rough?

That wasn't the point..........

I already stated both are moral hazards........

The point was that since printing the money was their solution, it was better off used to wipe out the debts.........instead what you see is the compliance to keep us all enslaved in it.........