[Peace-discuss] Fw: Quick question ?

[unionyes]

----- Original Message ----- 
From: John Reimann 
To: unionyes 
Sent: Thursday, November 27, 2008 11:49 AM
Subject: Re: Quick question ?


Yes, but that would violate one of the main purposes of the bailout, which is to swell the coffers of the financial sector (banks, insurance companies, etc.) at the public cost.

After all, when have taxes ever been used for the benefit of those who pay them?

John


On Thu, Nov 27, 2008 at 9:43 AM, unionyes <unionyes at ameritech.net> wrote:

  Thanks John,

  You know what ?

  If you do the math, if that $ 7 trillion were distributed to every household in the U.S. , and let the banks fail, that would come to about $ 70,000 per household.

  So if that money were set-up in a fund and distributed to those in need of mortgage relief ( lowering payment by paying off some of the principal owed ) and giving grants to low-income people to buy homes, there would be little if any fall in housing prices.

  David J. 
    ----- Original Message ----- 
    From: John Reimann 
    To: unionyes 
    Sent: Thursday, November 27, 2008 8:20 AM
    Subject: Re: Quick question ?


    I'm putting some figures on the list. In short, they have committed to spending some $7 trillion so far.
    John


    On Thu, Nov 27, 2008 at 5:11 AM, unionyes <unionyes at ameritech.net> wrote:

      Good morning John,

      I have a quick question.

      What is the TOTAL amount of money that the federal government jhas given to the financial sector this year ( so far ) ?

      David J.




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