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Bailout: the cost compared to other "large government projects"
akagugo
follow
0
12-9-2008 11:02 PM
118 views
tags:
bailout
,
finance
,
crisis
,
loss
,
us government
akagugo
says:
Bail out? A comparative illustration speaks volumes against blindly trusting bankers and financial sorcerers and vampires sucking on our blood!!
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/34aa546a-b069-4320-991e-a675988deea9/25EE5C87-E897-4DF5-9484-CA8F9BC90C06/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.pantherhouse.com/newshelton/i-know-man-its-getting-thick-real-quick/" href="http://www.pantherhouse.com/newshelton/i-know-man-its-getting-thick-real-quick/" style="font-size: 11px;">www.pantherhouse.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.pantherhouse.com/newshelton/i-know-man-its-getting-thick-real-quick/"><div align="center"><img src="http://content9.clipmarks.com/blog_cache/www.pantherhouse.com/img/DEB1F6F5-AAAA-4DC7-B340-9B068321AC21" alt="bailout1.jpg" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.pantherhouse.com/newshelton/i-know-man-its-getting-thick-real-quick/"><div align="center"><img src="http://content6.clipmarks.com/blog_cache/www.pantherhouse.com/img/75C19325-8F07-408B-AC8C-30E70B3B277C" alt="bailout-pie2.jpg" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.pantherhouse.com/newshelton/i-know-man-its-getting-thick-real-quick/"><P>In private life, extreme indebtedness, bankruptcy, the ruin of those close to you, and dependence on the government dole are generally thought to be causes for anguish, self-denial, and a degree of shame. But if you’re a financial executive with an exalted title, a big enough salary, a deep enough debt, and a vast enough handout, these same disasters entitle you to go on living and feeling about yourself much as you did before. You even have a right to think that the taxpayers owe it to you—that it’s for their own good, not yours. You don’t have to explain yourself; you certainly don’t have to apologize.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.pantherhouse.com/newshelton/i-know-man-its-getting-thick-real-quick/"><P>related { More than a few people have asked me how I came up with the the $8.5 trillion figure for the total cost of the bailouts. | <A target="_blank" href="http://www.ritholtz.com/blog/2008/12/calculating-the-total-bailout-costs/">Calculating the Total Bailout Costs</A> }</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/25EE5C87-E897-4DF5-9484-CA8F9BC90C06/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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