$23.7 Trillion ?!?!?!?

[Jason Mallory]

The 'Banker Bailout' is $23.7 Trillion dollars and counting ...

http://www.bloomberg.com/apps/news?p...d=aY0tX8UysIaM

[Matt "Gumby" Glach]

Shameful.

[Aab]

Where does all this money come from?????

[Jason Mallory]

The important question is where does all the money go.

[Daniel Valdez]

Im pretty sure the above video and the bailout are not related.

If you have followed the Greek market crisis you can understand how important it is for our American economy to have other foreign economies stable, which is why the loans in the video (theoretically, who knows if it will work) was done.

The bailout figure mentioned is an estimate that was done by a person, just like the other estimates of under 3 trillion dollars loaned (20 trillion less than the above estimate) have been computed. The outcome of these bailout distributions will not be known for many many many years from now. and if they are positive no one will know and someone will still say they didn't work still.
A fact often forgot about is, that the majority, if not all, of the money for bailout is done as a loan with interest attached to it. For instance, all of the money loaned to GM was repaid, early, and with interest. And, the government now owns 2.1 billion in preferred stock, which they will sell when GM stock raises, resulting in a profit from that particular bailout.

There are a lot factors involved and I encourage people to do research from both sides of the coin before reacting to the figures (which are often wrong) or accusations.

[Jason Mallory]

Im pretty sure the above video and the bailout are not related.

If you have followed the Greek market crisis you can understand how important it is for our American economy to have other foreign economies stable, which is why the loans in the video (theoretically, who knows if it will work) was done.

The bailout figure mentioned is an estimate that was done by a person, just like the other estimates of under 3 trillion dollars loaned (20 trillion less than the above estimate) have been computed. The outcome of these bailout distributions will not be known for many many many years from now. and if they are positive no one will know and someone will still say they didn't work still.
A fact often forgot about is, that the majority, if not all, of the money for bailout is done as a loan with interest attached to it. For instance, all of the money loaned to GM was repaid, early, and with interest. And, the government now owns 2.1 billion in preferred stock, which they will sell when GM stock raises, resulting in a profit from that particular bailout.

There are a lot factors involved and I encourage people to do research from both sides of the coin before reacting to the figures (which are often wrong) or accusations.

The video above IS about the bailout money. I agree, people should do the research for themselves.

[Justin Credible]

Where does all this money come from?????

Well apparently my folks lied 2 me when I was a kid cuz it looks like money do grow on trees LoL

[RobABOVE]

Where does all this money come from?????

Um, a printing press at the Federal Reserve?

[Aaron Brown]

http://cei.org/news-releases/general...ptive-advertis

This article (linked) says that GM actually now admits they lied about paying back the money in full, and says they've only payed back maybe 10%. And they used other government money to pay back that 10%...

Once again.. more bullshit..


Great post Jason.. love seeing Bernanke squirm as Grayson grills him on what legal authority he can hand out 1/2 a trillion dollars..

Grayson:
"You expect to do that with no action by this congress?"

Bernanke:
"Congress approved in it the federal reserve act" (1913)

Totally hilarious...

For people who don't know the federal reserve act was written up in secret by bankers, and then passed through congress days before christmas with most of congress absent and the rest of them no doubt bribed by the bankers to pass it.

And by doing so steal the right and power of the American government to print it's own debt free money and put it in the hands of private bankers, it's not owned by the government. It's owned by private bankers..

So basically... he's saying they have to right to decide to give whatever ungodly amount of money (taxpayer money, your money) to pretty much whoever the hell they want. Because some sneaky ass bankers suckered congress into signing that BS Fed Act in 1913, and 99% of America still hasn't figured out they're using it to steal all our damn money..

Look it up if you don't believe it.. or just admit to yourself your too scared to know the truth if you don't wanna look it up. It's all true..

Here's a short quote from the GM article

The GM ad “gives the false impression that GM has used its own funds to pay back all the bailout money that it received from the federal government,” CEI explained in the May complaint. “In fact, GM has only repaid a fraction of those funds—barely ten percent. Moreover, GM apparently repaid its loan by using other federal funds.” The public is harmed by such misleading claims, as consumers could be unfairly duped into a false, renewed confidence in the company, the original complaint explained. To make matters worse, the false claim was even echoed by U.S. Treasury Secretary Geithner. CEI urged the FTC to investigate GM’s advertising claim, to “serve the American public on this issue of major consumer and taxpayer importance [and] “discourage other beneficiaries of government bailouts from falsely misrepresenting their status.”

[Jason Mallory]

Thanks for posting the link to that article about GM Aaron. Everything you said about the Fed is true.