thinkprogress.org — The Bush administration?s $700 billion financial bailout is roughly what the United States has spent so far on the Iraq war and would raise the national debt ceiling to $11.3 trillion. Sen. Bernie Sanders believes that the wealthiest Americans ? who have reaped enormous benefits under the Bush administration ? should foot the bill.
Sep 23, 2008 View in Crawl 4
bjkrautkSep 24, 2008
...because the wealthy didn't sign mortgages they couldn't afford to pay off?
niczarSep 24, 2008
Yeah, you go kraut, it's the fault of 'em poor coloureds who took mortgages they couldn't pay!Nevermind the fact that 1. they were pushed those mortgages by brokers who didn't properly inform them and 2. banks' business is /supposed/ to be to evaluate lending risks. And last thing, the subprime crisis is just one part of the current mess. The overleveraging problem, as it's called, is completely independent.
niczarSep 24, 2008
Merryl Lynch, Lehman and others have paid hundred of billions of bonuses to their executives in the past few years. Sure, they must have paid some taxes on it. But how much of those bonuses did the poor get?