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 $376 Billion in Chinese Agency Bond Holdings Subject to U.S. Taxpayer Bailout
$376 Billion in Chinese Agency Bond Holdings Subject to U.S. Taxpayer Bailout
"A bailout at this stage would be the worst possible outcome for American taxpayers and mortgage holders, who have been paying a risk premium to these foreign investors. It would change the rules of the game retroactively and would directly subsidize the risks taken by sophisticated foreign investors."
"A bailout of GSE bondholders would be perhaps the greatest taxpayer rip-off in American history. It is bad economics and you can be sure it is terrible politics." picked by siennablue 1 year ago
tags money taxpayer ripoff economy bailout
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 American Taxpayers will be bailing out 2 more companies
American Taxpayers will be bailing out 2 more companies
We just bailed out Bear Sterns, now there are 2 more public companies that the American Taxpayer will be bailing out again. picked by TacoWallace 1 year ago
3 comments edit related share plime.com
 Following the latest $37.8 Billion from taxpayers, AIG executives take another expensive trip
Following the latest $37.8 Billion from taxpayers, AIG executives take another expensive trip
Will they never learn? Will we? Following an additional 37.8 billion in bailout money, we learn that AIG spent $86,000 for a hunting trip to England picked by tigertony 1 year ago
22 comments edit related share politics
 SKorean intelligence agency runs 'spot the spy' game
SKorean intelligence agency runs 'spot the spy' game
The game, which runs from June 22 to July 21, challenges users to pick out spies and those who sympathise with communist North Korea.

Two hundred lucky winners will receive laptop computers, digital cameras and game consoles. Bloggers who link the game to their personal web pages will get premium watches picked by topofall 5 months ago
0 comments edit related share weird
 Automakers take luxury jet to beg for money
Automakers take luxury jet to beg for money
The CEOs of the Big Three automakers reportedly flew private luxury jets to Washington to plead for a $25 BILLION taxpayer bailout to save their debt-ridden industry — ringing up tens of thousands in charges even as they cried poverty picked by jhordie 1 year ago
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 Electric Cars Part of Auto Bailout Plans?
Electric Cars Part of Auto Bailout Plans?
It seems the White House auto industry task force will review the Chevy Volt's technology when meeting with GM and Chrysler. Does this mean that green technology development might be part of the conditions for Obama's bailout? It certainly would fit with his green agenda. picked by amabaie 9 months ago
2 comments edit related share technology
About Plime
Plime is an editable wiki community where users can add and edit weird and interesting links. Users earn karma when other users vote on their actions. The more karma you have, the more power you have at Plime.

 What Is A Reverse Mortgage?
What Is A Reverse Mortgage?
Really great information about mortgage you need to know. picked by inakisant 3 years ago
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 ARM Hurt? Don't worry the "free market" boys are here to save the day.
ARM Hurt? Don't worry the "free market" boys are here to save the day.
What the mortgage bailout means for you. picked by blurmore 2 years ago
2 comments edit related share plime.com
 Banks now DECLINING to say how they are spending the bailout money
Banks now DECLINING to say how they are spending the bailout money
Just in case you were not pissed off at them before. I KNEW this would happen when this stupid bill was passed in the first place.

Yes, as through this world I've wandered
I've seen lots of funny men;
Some will rob you with a six-gun,
And some with a fountain pen. picked by Moe 11 months ago
6 comments edit related share plime.com
 GM To Send $1B Of Bailout Money To Brazil
GM To Send $1B Of Bailout Money To Brazil
Setting up shop in Brazil is so much cheaper so lets take $1B of taxpayers money and spend it in Brazil helping their economy and allowing fewer Americans to be employed. picked by 2manyusernames 1 year ago
7 comments edit related share politics
 Now here is a reason to hate AIG: They are using taxpayer money to sue the US to give them more taxpayer money
Now here is a reason to hate AIG: They are using taxpayer money to sue the US to give them more taxpayer money
They claim the $200 billion they received from the government is not enough. They are suing for the return of $306 million in tax payments. picked by 2manyusernames 9 months ago
2 comments edit related share plime.com
 Why the Bailout is a Bad Idea
Why the Bailout is a Bad Idea
By Senior Economics Lecturer at Harvard University, Jeffrey Miron.

" The right view of the financial mess is that an enormous fraction of subprime lending should never have occurred in the first place. Someone has to pay for that. That someone should not be, and does not need to be, the U.S. taxpayer." picked by JoshSF49 1 year ago
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