14 February 2009

I heard an interesting statistic

The bailout of the banks back in Novemeber? Yes, we've all heard about it. The bankers still going on spa weekends. Insurance companies and banks paying huge bonuses to fat cat CEOs. Waste. waste. waste.

So this is news you say? No this is:

The amount of money given to the banks via the American taxpayers (you and me) would have paid off all the mortgage debt in America! Yes, the government, if they really wanted to stimulate the economy and help individual citizens, could have written a check to pay off our mortgages. Not that I am asking that to happen, but wouldn't it have been a better idea than what they did with our money?