What’s a few billion between friends. After all, it’s ONLY taxpayer money…
By Daniel at 6 November, 2009, 3:06 am
Fannie Mae asks for $15 billion more from feds
Are they sure 15B is enough? Why not 30B? Hey, take 45B, maybe even 60B ..
And why not, nobody is paying for it. Ben can always print up another mountain of cash and shove it over to Fannie. It’s all headed for one big crash anyway, so it doesn’t really matter.
Because that’s what we do in America. We don’t work, working is for the Chinese and the Indians. Here we blow bubbles and do bailouts, print up mountains of monopoly money and hand it over to all the non performing entities that got us into the mess, while the people sink like a stone.
Heck, just print up 500 billion and hand it to them so their woes will be over once and for all.
I love that line of thinking…”In the larger scheme of things $15B isn’t that big a deal at this point in time.”
So let’s see, $15B averages to about $200 for a family of four. I’m sure most families have $200 sitting around ready to burn.
And as for the FNM+FRE bailout of $200B, we’ll thats $2,600 per family of four. Still nothing to get excited about, right?
Now some people have estimated all bailouts combined will add up to $8.5T, which is only about $110,500 per family of four. So nothing to see here, just move along.
- gatias
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