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With Trillions and Trillions Going out as "loans" what happens if those loans are not paid back?
They are now talking about $7.7T in bailouts. So what is the probability that even half of that will be repaid? And where will that money come from?
2 Answers
- Anonymous1 decade agoFavorite Answer
it wont be and you and your kids grand-kids kids will be paying for it all with their tax money
- Anonymous1 decade ago
This is a vicious cycle.
This is because there will actually never be enough money to pay off these debts, and these debts incur interest. Essentially western society has been living on ever expanding credit for decades now.
As expected, the taxpayer will be expected to pay the way of these big corporations (in order to protect jobs) while the shareholders alone get any benefits from the profits, if they ever actually make a profit.
The crisis is not over, these are not the last big name companies who will ask for a bailout, let alone realise the truble they are in.
Today the stockmarket was bouyed by the bailout of the banks. I wonder how long this new found optimism will last? A day or two seems normal.
I can see the Dow at 500 or lower, and the Australian ASX 200 (where I live) at 2700 or lower.
It is not over.