Americans, get ready to pull your pants down. US tax money to fund euro bailout

[Hugo Drax]

Looks like the IMF is gonna start up a big liquidity program to assist in the euro bailout.

The big question is, Will US taxpayers have to fund a nice chunk of the IMF funding that will then be used to help provide liquidity to european bankers.

Hopefully we will get the courtesy of a reacharound.

markets just jumped on the news from the lows..

 

[First]

If Europe goes down so does the U.S. Think hard about that as you criticize a bailout.

 

[Ausm]

This is a merry Xmas present from Wall Street and inept Politicians to the U.S Taxpayer. First is right that if Europe fails it will also take the U.S. with it and idiots on this forum who back Wall Street should really take a hard look at this Clusterf*ck.

 

[MovingTarget]

Most Americans have been bent over with their economic pants around their ankles for decades. This is nothing new.

 

[bradley]

Anyone who reads sites like Zerohedge saw this coming years ago. For those who stick with mainstream gossip media, I almost feel sorry for them being on the ass half of the Ponzi.

 

[Anarchist420]

This is a merry Xmas present from Wall Street and inept Politicians to the U.S Taxpayer. First is right that if Europe fails it will also take the U.S. with it and idiots on this forum who back Wall Street should really take a hard look at this Clusterf*ck.

Since when can Wall Street legislate that tax payers are required to bailout europe? Don't get me wrong as I'm no fan of wall street either, but the governments have enabled them through loose credit policies that eventually have to be tightened. If the government didn't charter a lender of last resort for them, then supply of credit would be much tighter and the business cycle would be minimized for those who weren't risk takers.

Anyway, there is a huge problem with bailouts because they're nothing other than bailouts of creditors who are also debtors. As for creditors who aren't debtors, sure some of their savings would've been wasted, but they have no right to be bailed out at tax payer expense and they'd benefit from the deflation that would happen. Letting the creditors who are in debt go bankrupt has worked every time in history when government actually let that happen.

 

[al981]

nothing to worry about.

"this bailout will prove to be a boon for the world." - legendkiller.

 

[dank69]

Since when can Wall Street legislate that tax payers are required to bailout europe? Don't get me wrong as I'm no fan of wall street either, but the governments have enabled them through loose credit policies that eventually have to be tightened. If the government didn't charter a lender of last resort for them, then supply of credit would be much tighter and the business cycle would be minimized for those who weren't risk takers.

Anyway, there is a huge problem with bailouts because they're nothing other than bailouts of creditors who are also debtors. As for creditors who aren't debtors, sure some of their savings would've been wasted, but they have no right to be bailed out at tax payer expense and they'd benefit from the deflation that would happen. Letting the creditors who are in debt go bankrupt has worked every time in history when government actually let that happen.

Can you please explain to me why you are proposing stronger government policies with the bolded statement above?

 

[Macamus Prime]

The fall out of wreckless investments, both local and global, are being absorbed by US tax payers.

Wall Street has turned the US government into it's own garbage disposal system; enjoy the "benefits" of capitalism.

 

[quest55720]

I hope that enough public backlash can stop any program that uses our tax dollars to subsidize the euros nanny state. They can piss off as far as I am concerned. They can start by raising retirement ages and cutting welfare bennies. There is plenty they can cut over there in socialist nanny spending. China can bail them out as far as I am concerned.

 

[momeNt]

I recently went to the doctor for a prostate exam, I couldn't figure how the doctor's hands never left my shoulders though...

Is this what we can expect from the IMF?

 

[Zivic]

This is a merry Xmas present from Wall Street and inept Politicians to the U.S Taxpayer. First is right that if Europe fails it will also take the U.S. with it and idiots on this forum who back Wall Street should really take a hard look at this Clusterf*ck.

who exactly do you back? You quickly point fingers, but I think your cause is as corrupt as wall street

 

[JEDIYoda]

Looks like the IMF is gonna start up a big liquidity program to assist in the euro bailout.

The big question is, Will US taxpayers have to fund a nice chunk of the IMF funding that will then be used to help provide liquidity to european bankers.

Hopefully we will get the courtesy of a reacharound.

markets just jumped on the news from the lows..

No links......just mere speculation???

 

[bfdd]

If Europe goes down so does the U.S. Think hard about that as you criticize a bailout.

Then we should go down as well, we never should have been so entrenched with them to get to this point. Failure is the best course of action and we should allow it. It won't be that bad, the people who will be hit the hardest are those at the top with power. They'll be the ones whose blood people are demanding.

 

[bfdd]

The fall out of wreckless investments, both local and global, are being absorbed by US tax payers.

Wall Street has turned the US government into it's own garbage disposal system; enjoy the "benefits" of capitalism.

lol capitalism is responsible for this? That's why there has never been corruption in any other governments history, ever. Moron, this is a people problem and our Government is to blame. They don't fear us so they will take any bribe they feel like.

 

[Saint Nick]

US needs to go down, IMO. Our way of doing things is completely fucked.

 

[Jaskalas]

If Europe goes down so does the U.S. Think hard about that as you criticize a bailout.

Too big to fail? No. Too big to bailout.

Keep inflating these bubbles and you'll cause economic ruin.

 

[momeNt]

Too big to fail? No. Too big to bailout.

Keep inflating these bubbles and you'll cause economic ruin.

First is one of those people that champions the status quo without realizing the long term consequences.

Banks are already set up on all the advisory boards throughout the Eurozone pushing austerity as opposed to default because banks stand to lose the most if the debt isn't serviced. So what's going to happen? Austerity/Stimulus/continued debt payments. Why? Banks own this bitch.

 

[airdata]

Where did the 17trillion goto that they found in the partial audit of the fed?

 

[Zebo]

Too big to fail? No. Too big to bailout.

Keep inflating these bubbles and you'll cause economic ruin.

This. Not to mention in the interm economy will NEVER recover as trust in all institutions is shaken too badly.

 

[rudder]

lol capitalism is responsible for this? That's why there has never been corruption in any other governments history, ever. Moron, this is a people problem and our Government is to blame. They don't fear us so they will take any bribe they feel like.

Don't forget China has a firm grasp on America's balls... and the worse part is the U.S. government let them. Our government is dysfunctional.

 

[brxndxn]

I'm for whatever is the other option than bailing out Europe with US taxpayer dollars.. If that is failure, so be it.. at least then it would be less corrupt.

 

[5to1baby1in5]

I'm for whatever is the other option than bailing out Europe with US taxpayer dollars.. If that is failure, so be it.. at least then it would be less corrupt.

Everyone defaults, and we sort it out in the end.

See you in the soup line.

 

[bfdd]

Everyone defaults, and we sort it out in the end.

See you in the soup line.

If I can get some bread, I'll split it with you.

 

[5to1baby1in5]

If I can get some bread, I'll split it with you.

I'll trade you some razor wire for it.