The Leveller: A modern day regulator

Bailout

Bailout Price Tag: $3.5T So Far, But ‘Real’ Cost May Be Much Higher

Yep, i’m sure its astronomical. There is no accurate count. Just like much of the cash shipped to Iraq over the first couple years, accounting doesn’t seem to know where about 20 billion went. That’s chump change anyway. Soon it will be worthless, probably not even reach the novelty of Zimbabwe currency being sold on ebay.

I read and hear often people saying “why bailout people who fail?”. Bottom line we all failed. We failed as citizens a long time ago. Letting these jackals do whatever they want in government all these years has ruined the U.S.

The last year of the Bush presidency has been so insane I don’t see any return from the miserable days on the horizon.

Listening to Paulson and Bernanke it is clear they either don’t have any economic sense which really shouldn’t be surprising or they are up to no good and realize exactly what they are doing.

I’m tired of being so negative all the time but this is just plain asinine.

We know what is next especially with Volker on deck.

The link describes how banks are hoarding cash. So too are people. When the higher rates come the flight from money will occur.