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Monday, September 22, 2008

Paulson's bailout now bumped up to $1.8 trillion

I never would have imagined the Wall Street bailout could blossom into such an enormous handout. If you listen closely, you can hear the Ferrari dealers around Wall Street placing orders for new shipments now that Wall Street has been saved. For those still believing that somehow, someway, we will ever see a profit from this or even a break even, have you not been watching the last few years? People had been promised plenty of profits and look how that turned out. When you overpay or set up exciting plans with big juicy returns, the end result may not be what you initially imagined. The only thing that is predictable here is that the cost has managed to increase from $500 billion, to $700 billion and now up to $1.8 trillion all within a few days.

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