Raising the Debt Ceiling

Page 15 of Originally Posted by sportsfan41 I'm not saying GW Bush should get a free pass but.... stock market, housing bubble bursts, 9/11, Iraq and Afghanistan.... 214 comments | 7045 Views | Go to page 1 →

  1. #211
    FC's Avatar
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    Quote Originally Posted by woodsrider View Post
    Everything I have found so far puts Citigroups bailout at around $45 billion. Where did this guy come up with $2.5 trillion. Anyone have a link to that?
    Maybe he is referring to the overall bailout number instead of Citigroup’s cut of the bailout?
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  2. #212
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    Hasn't a lot of the bailout money been paid back? Where is all that money going? If the US borrowed money to loan to companies in the bailout, then you would think when these companies pay it back the debt should be retired. So what happened to that money? What happened to the gain on stock from bailing out GM?

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    Quote Originally Posted by Voice of Reason View Post
    Hasn't a lot of the bailout money been paid back? Where is all that money going? If the US borrowed money to loan to companies in the bailout, then you would think when these companies pay it back the debt should be retired. So what happened to that money? What happened to the gain on stock from bailing out GM?
    I know CITI has paid there's back.

    Being reported on all of the news outlets that the Dow Jones has dropped pretty far today, down 266 points at one point.

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    Quote Originally Posted by FC View Post
    Good point, but still several listed as paying zero U.S. income taxes. If true, I wouldn't have an ounce of regret in closing loop holes so that they pay their share.
    Understood, but there's a vast number of reasons for how they get to that point. At the end of the day, it will all come out of the consumer's pockets anyway.

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    Quote Originally Posted by Voice of Reason View Post
    What happened to the gain on stock from bailing out GM?
    Gain? Currently a loss...

    http://www.istockanalyst.com/finance...rnment-to-exit

    You have to love some of the motivation cited in the article.

    According to the Wall Street Journal, GM wants to rid itself off the pay limits that prevent it from hiring top talent. Also, the Obama administration will be keen to get GM out of its hands by the time of the start of the president's re-election campaign, according to people familiar with the issue.

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