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I don't what to think of it yet, but if the banks survive, the bail out has gone to preferred stock shares that the Treasury can sell someday for more than they invested, thus tax payers will profit. On the other hand if it fails, were all screwed anyway:bawl:.
I am concerned how people and the markets will handle the news since consumer confidence seems to be the big do or die issue now. :banghead:
I don't (know?) what to think of it yet, but if the banks survive, the bail out has gone to preferred stock shares that the Treasury can sell someday for more than they invested, thus tax payers will profit. On the other hand if it fails, were all screwed anyway. :bawl:
If the Treasury does happen to sell for more than what was invested, do you honestly believe the tax payers will profit? Knowing how politicians operate, that money will go to unnecessary earmarks.