re: Government To Steal $15,000 From Every American Household To Bailout Big Banks and Lenders
When you add up the $700 billion dollars of taxpayers’ money the government wants to spend to buy up all that bad debt out there, with the money already pledged to take over Fannie Mae and Freddie Mac, AIG and to help broker the Bear Stearns/JPMorgan Chase deal, “A $700 billion fund would push the total pledged to combat the crisis to $1.8 trillion, or $15,000 per U.S. household, says a Reuters analysis.