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September 17, 2008

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As so many people have already pointed out .. this math may be a little off, however keep in mind, this is only ONE company the "bail out" plans to "help".

As a young home owner I believe this could really help. I know that I would pay off my home and all of my other loans!! I do, however, think that there should be more details added!

funny stuff. The feds should bail out the companies, but with a full accounting just as should have been done in all the failed loans etc. that caused this problem. Full sunlight on the deal with profits in 20 years or so back to the American people. If the motivation for endless profit is thereby removed for the current management, fine-- replace them with people who are happy with a few million-- and don't suffer from endless greed that pushes them to illegal, unethical deals.

IF we take the entire bailout package, 750B, and have a lottery and pick just 1.7M names... only taxpayers with mortgages and student loans making under 200k per year! That will still work.

Ain't it the fummiest thing that we're always told that universal health care is "too exspensive", but the first time that these criminals on Wall St. get their tits in a twist:
OH MY GOD ,THEY NEED MONEY, THE SYSTEM WILL COLLAPSE.

yeah, right.

WHY ARE WE ASKING OUR COUNTRY TO BAIL OUT INDUSTRIES THAT ARE INVESTED IN GLOBALLY ?

WHOSE BACON IS BEING SAVED? THESE GLOBAL CONGLOMERATES HAVE SHAREHOLDERS INTERNATIONALLY ...

RUSSIA< CHINA< UNITED ARAB EMIRATES, ETC.

Just how has it been determined that the US taxpayer is responsible to spend our children's economic futures so that the world
doesn't suffer ? If this was happening in one of the other exchanges in the world, who would be coming to rescue the World Bank ?

Our Leadership seems to be so afraid of taking any responsibility for its contribution to this investment gone bad that they encouraged
for so long that when the lobbyists of these industries face loss, they say, "Oh don't worry, we will just petrify our citizens and grab a trillion
dollars to hand you.

WHEN WILL THE PEOPLE FINALLY SAY ENOUGH?????

I must say that you math geeks may need some chillin' meds. Get over it! Just make it $85 trillion and get the point. And I encourage Riptide to stick to your impulses. Next time, acknowledge the inconsistencies in the data and encourage readers to see the bigger picture.

$425 will fill up my little car; buy some groceries, new shoes, and a coat for my daughter; and pay some on my credit card bill.

Sadly, whoever wrote this silly email could easily be working for the campaign of either of the major party presidential candidates. When I look at their proposed spending plans, I'm guessing that they must have added several magic zeroes to the projected income from us taxpayers, because that's the only way to pay for all their programs.

thanks, one and all, for letting us know about the bad math in the citizen bailout fantasy...the story has been removed from the front page, so no need to keep telling us...nevertheless, it was a nice dream, and we still believe that the little guy needs a bailout, not the big boys

Isnt this sort of creativity what got us into trouble in the first place?

Are you sure you didnt work at AIG?

T: our income was already redistributed by the investment banks who "disappeared" it. What's being proposed now is using our tax money to prop up the system so we can hang onto what little we have left, instead of watching it disappear too. Or would you rather see the collapse of our economy? Talk about income redistribution ...

T man, it's the Republicans that send checks. Bush sent me two. As for redistributing wealth it's the Republicans that have deregulated all our jobs overseas thereby redistributing wealth to foreign lands completely bypassing American households and removing the ability of the average Joe or Josephine to prosper under a Republican controlled Congress, White House and Supreme court.

DONT GIVE ANY BODY ANY MONEY.HAVEN'T DEMS LEARNED- INSTEAD OF SENDING CHECKS- GIVE TAX BREAKS OR LOWER TAXES.ENOUGH OF (INCOME) REDISTRIBUTION OF ANY SORT!!!

wtf are you talking about? bush and his republican cronies are the ones who got us into this financial fraud crisis

Do the math!!! That is why America should never put a Democrat in charge of anything related to money! Go back to grade school!

Ummm...did your calculator run out of batteries, or did you try to do this one in your head, very, very late at night?

Get used to the idea that the true scope of the "bailout" is so much larger than the comparatively picayune AIG bailout, that we will be debt slaves for the forseeable future.
Contact your elected representatives now--they're planning our demise this coming weekend.

LOL!!!!!!!!!!!!!!!!

great one Math Wiz:
"Will it only work for people who are bad at math?"

check your math buddy...that would only be $425 per person

Will it only work for people who are bad at math?

Unfortunately, someone doesn't know how to do math.

$85,000,000,000 / 200,000,000 = $425

not $425,000

I like it.

The only other reasonable alternative I heard was to copy Chile's bail out model and have the US tax payers loan the banks the $700B at a low interest. the entire loan must be paid back before dividends can be paid to share holders or before Exec's can once again receive gazillion dollar bonuses.

The current Treasury/Bush plan is nothing more than a 700B give-a-way to their friends on their way out the door. For more than a year, even on this blog, lots of folks have been very concerned about the criminal actions of the banking/securities/mortgage lending and building/Realtor industries created fraud.

Thankfully the FBI is looking into just that, fraud, and as a conspiracy to fraud.

Do the math, 200m people into $85B is $475 per person, not $475,000 per person.

Um, do the math. It doesn't equal 425k, it equals 425.

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