GoFuckYourself.com - Adult Webmaster Forum - View Single Post - WSJ Editorial opines that the bailout deal could make taxpayers over $1T in profit

pocketkangaroo · 09-25-2008, 11:42 AM

In fairness, it is written by a guy who has a lot to gain from a bailout happening.

But if the taxpayers make money, it's only because we paid next to nothing for the distressed assets. If that's the case, the bailout won't really help Wall Street or the economy.

That is the bigger issue here. If you pay more for the bad debt than you should, it helps the banks (which could help the taxpayer), if you don't, it helps the taxpayer. I think that's the trickiest part of this whole thing and the most uncertain element.

09-25-2008, 11:42 AM
pocketkangaroo Confirmed User Join Date: Jan 2005 Location: Chicago, IL Posts: 8,452	In fairness, it is written by a guy who has a lot to gain from a bailout happening. But if the taxpayers make money, it's only because we paid next to nothing for the distressed assets. If that's the case, the bailout won't really help Wall Street or the economy. That is the bigger issue here. If you pay more for the bad debt than you should, it helps the banks (which could help the taxpayer), if you don't, it helps the taxpayer. I think that's the trickiest part of this whole thing and the most uncertain element.