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| Re: Millennium debt deepens (161784) | |||
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Re: Millennium debt deepens |
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Posted by brightonr68 on Wed Aug 26 12:44:27 2009, in response to Re: Millennium debt deepens, posted by busdude2 on Tue Aug 25 16:45:01 2009. "Ignorant why because we disagree with you. Throwing more of our taxpayer money out the window for a company that most likely wont make it anyway. Feel free to send your money if you want to help them i'm sure they will take it."No because the non-business news media misreported the issue. The money was used to grease the markets for loans and coorporate bonds tha businesses use to finance thier parole until they get paid hense the layoffs. The Gov is set to make - $30 billion so far off it's citibank interest. The gov paid $1 a share for it's citibank stake instead of taking the 5% interest it was owed. Citibank stock is now $4.65 and is said to reach $12 by 2012 - $5 billion off golman Sachs - $2 billion so far from Bank of america Basic finacial education should be requires in all high schools. Much of the shanangans that the politicos get away with would end |
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