How do you bail out Main Street? And how would such a Taxpayer bail out get repaid?
In all the other recent Bail Outs, the Taxpayers got repaid ( in whole or for the most part) by those who were Bailed Out.
The Big Banks repaid all of their Bail Outs, with a $40 Billion profit to the Taxpayers. AIG repaid it's Bail Out, with a sizable profit to the Taxpayers as well. Even the Auto Companies repaid most of their Bail Out funds.
In all of these Bail Outs the recipients gave the government stock, warrants , other collateral, or otherwise promised to repay the Bail Out. They did repay their Bail Outs, and in the case of the Big Banks in a relatively short time .
How would we Bail Out Main Street? What kind of collateral would the government receive? And once the Taxpayers did Bail Out Main Street, how would the Taxpayers get repaid?
I'm not trying to be cute or facetious. I just would like to know the answers to these questions because the question of why Main Street has not been Bailed Out has become such a mainstay of our political discourse.
Eric
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