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How are the taxpayers not paying for Bidens new millionaire/billionaire bailout?
Posted on 3/13/23 at 9:33 pm
Posted on 3/13/23 at 9:33 pm
The government has no money, if they borrow it the taxpayers owe it, if they print it its just another inflation tax.
What money does Joe have? Who does this stupid frick think pays bank fees?
What money does Joe have? Who does this stupid frick think pays bank fees?
20
Posted on 3/13/23 at 9:40 pm to Strannix
I can only assume it's because they are printing fresh bills and inflation will only get worse
Posted on 3/13/23 at 9:54 pm to Strannix
quote:
What money does Joe have? Who does this stupid frick think pays bank fees?
Posted on 3/13/23 at 10:24 pm to Strannix
quote:
How are the taxpayers not paying for Bidens new millionaire/billionaire bailout?
I don't know whether Biden believes it or not, but I bet most of the people who voted for him believe it.
Posted on 3/13/23 at 10:28 pm to Strannix
Joe wrote them a personal check.
Posted on 3/14/23 at 6:50 am to Strannix
It 100% is a bailout for the rich. The dems will try to frame it as helping the little guy, but the FDIC is insuring up to $250K. That means the little guys are good.
I said this in another thread, in a free economy you have to allow for failure.
I said this in another thread, in a free economy you have to allow for failure.
Posted on 3/14/23 at 6:54 am to Strannix
No no you don’t understand.
They’re creating a fund.
They’re creating a fund.
Posted on 3/14/23 at 7:14 am to Strannix
Biden should just give EVERY American a million dollars.... /s
I hate democrats and rinos.
I hate democrats and rinos.
Posted on 3/14/23 at 7:43 am to Strannix
Taxpayer money will end up getting used for this.
It can all be fixed so easily:
1. Biden resign
2. Harris resign
3. All Biden / Harris hires & appointees resign.
That's all it takes.
It can all be fixed so easily:
1. Biden resign
2. Harris resign
3. All Biden / Harris hires & appointees resign.
That's all it takes.
Posted on 3/14/23 at 7:44 am to Strannix
Pro Tip
They are
They are
Posted on 3/14/23 at 7:59 am to Strannix
quote:
Who does this stupid frick think pays bank fees?
Posted on 3/14/23 at 8:06 am to Strannix
The final consumer pays for EVERYTHING!
Posted on 3/14/23 at 8:10 am to Strannix
BitchScrupTx told me in no way would tax payers pay for groomer incompetence
Posted on 3/14/23 at 9:13 am to Strannix
the banks all kick in to a rescue pool.
Posted on 3/14/23 at 9:29 am to Strannix
FDIC fees are increased in solvent banks which will be passed on to customers. There margins aren't going to be reduced.
Posted on 3/14/23 at 9:43 am to Strannix
TARP of 2008 made a profit for the Treasury.
Ex/Im bank makes money for the Treasury while making sure that suppliers for parts made in the USA get exported, most of them by small businesses
Ex/Im bank makes money for the Treasury while making sure that suppliers for parts made in the USA get exported, most of them by small businesses
Posted on 3/14/23 at 9:49 am to Strannix
quote:You clearly are determined not to hear the actual - easy - answer to your question.
How are the taxpayers not paying for Bidens new millionaire/billionaire bailout?
The bank has enough "long-term" securities (basically, just treasuries) to pay out ALL the depositors over time as those securities mature.
Instead of letting a bank panic spread, the gov is basically just swapping out current maturity treasuries for the long-term treasuries so that everyone can access their money now.
It is arguably a form of "bail out", but it is not just taking out the check book. The government will simply hold its own long-term securities now and let them mature at full value.
Posted on 3/14/23 at 10:04 am to Strannix
Edit Look Up one post. These people are stupid
Because the costs are being spread across the US to all banks that will absorb the bailout and will definitely not pass those costs along to their customers.
For totes cereal, the banks across the US are just going to eat the costs. I literally promise.
This post was edited on 3/14/23 at 10:07 am
Posted on 3/14/23 at 10:28 am to Strannix
quote:
How are the taxpayers not paying for Bidens new millionaire/billionaire bailout?
Well, the banks are paying the fees.
Even if the banks did't pass along the cost (which they will), are the banks not themselves, you know, taxpayers?
What Joe means is that they aren't going to raise tax rates to pay for this.
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