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It's not going to be 700 B. It is going to be trillions. Over many years.

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Neshanic Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 03:41 PM
Original message
It's not going to be 700 B. It is going to be trillions. Over many years.
Edited on Mon Sep-22-08 03:41 PM by Neshanic
The 700B amount according to the gangs demands is the ceiling that could be borrowed against again and again.

Take it from the people who lived through the S&L gig. Years, not months, trillions, not billions.
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ixion Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 03:56 PM
Response to Original message
1. Absolutely correct
and it will break us (as it's designed to do).
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blm Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 04:14 PM
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2. Exactly - it took over a decade to pay off S&L debt, and far more than the original 500billion.
If the books were opened on the S&Ls and BCCI when they should have been, there would be no financial crisis today. It's the coverups that have kept 99% of the American people unaware of the degree of criminality these financial institutions and their stewards and many government officials who are involved.

Banking crimes and the decades of coverups helped lead to 9-11 and this Iraq war.
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Junkdrawer Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 04:16 PM
Response to Original message
3. Any and all sales of reconstituted junk will be used to buy irretrievable junk
There will be no profit. Count on it.
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