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  1. railroad.1972 says...
    October 6, 2008 7:18:34 am

    RE: StoryBoy, good thing we bailed the big guys out.
    Too bad the market looks like it wants to correct itself anyway.

    What a great waste of what will eventually be over $1 Trillion.

  2. arch stanton says...
    October 6, 2008 9:34:37 am

    Doubtful it will cost that much as even the â??bad paperâ?ť the bailout is supposed to buy has a value and will likely be sold at some value. I have no illusion that the taxpayers will ever make any money on it however.

    If you want to include the amount of $ that is currently vaporizing from the economy however that is another thing. I think you would be hard pressed to make a convincing case for why the bailout has not helped decrease it, yet. Maybe you will be able to in the future, but not yet.Personally I found the news about CA potentially needing to borrow money to be the most alarming. Besides CA how many other states? How many states (and the fed) have figured in the loss of revenue in 2008 income taxes that will be triggered by the capital gains losses claimed by the upper 2 quintiles that provide so much of the tax base?

    Times, they are a-changing.