Do you think the Government could really make $1 trillion from the bailout?
These guys seem to think so:nnhttp://finance.yahoo.com/tech-ticker/article/103989/The-Government-Could-M ake-1-Trillion-from-the-Bailout-KesslernnWhat do the TickerHounds think?
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411 points
jester112358 answered one year ago …
Let me answer your question with a question grasshopper. Has the government ever made a profit on any enterprise in which it has been involved? Would you buy shares in the US government? Can pigs fly? When do you expect hell to freeze over? You may note my skepticism regarding the profit ability of the government which currently is in debt to the tune of 11 trillion dollars with about 100 trillion in future liabilities for social security, medicare and medicaid.
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alanj answered one year ago …
Yes. Actually, it will be the US taxpayer who will be making this $1 trillion or more. Because, it is the US taxpayer who is funding the bailout.
The bailout money is secured by real property. When real estate values go back up (and they will) the mortgages on these properties will be sold for a profit.
