Quote:
Originally Posted by crucifissio
as far as I know obama signed it...whether bush had anything to do with it was irrelevant the bill was coming due and there was no scenario where the USA would not pay dearly for what happened...claiming obama had a choice to not pay and save money, like the red hats are claiming, is simply wrong...
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I believe there were TWO bailouts.
Bush signed the first one in 2008.
I thought the whole thing was a giant ripoff of the American people.
The banks got "saved" and then STILL foreclosed on people's homes.
That trillion should have been spent by paying off people's mortgages. Then the banks would have been solvent (since the whole problem was the collapse of the housing market and the banks holding mortgages that were all underwater).
Instead that money just went "poof", up in smoke. And the actual people of this country suffered greatly as they lost their homes and jobs.