<http://doctorbulldog.wordpress.com/author/doctorbulldog/> Taxpayer
Bailout Reaches $3.7
Trillion!<http://doctorbulldog.wordpress.com/2010/07/21/taxpayer-bailout-reaches-3-7-trillion/>
*doctorbulldog <http://doctorbulldog.wordpress.com/author/doctorbulldog/>* |
21 July, 2010 at 10:57 am | Categories:
Economics<http://doctorbulldog.wordpress.com/category/economics/>,
Economy <http://doctorbulldog.wordpress.com/category/economy/>, Obama
Sucks<http://doctorbulldog.wordpress.com/category/obama-sucks/>,
politics <http://doctorbulldog.wordpress.com/category/politics/> | URL:
http://wp.me/p1NPg-6jK

*Our daughter is only 3-years-old and, just because of the bailout, she
already owes the government more than $12,000!!!*

*When is America going to wake up and get rid of these crooked Communist
pigs who are sucking dry the teats of honest American tax payers?*

*
US financial system support up $700 bln in past year-watchdog*
Wed Jul 21, 2010 - Reuters
<http://www.reuters.com/article/idUSN2010140720100721>

* Total US govt financial system support seen at $3.7 trln

* US support swells by $700 bln in past year-watchdog

* Mortgage, housing commitments account for most of rise

* TARP watchdog criticizes Obama housing rescue efforts

By David Lawder

WASHINGTON, July 21 (Reuters) - Increased housing commitments swelled U.S.
taxpayers' total support for the financial system by $700 billion in the
past year to around $3.7 trillion, a government watchdog said on Wednesday.

The Special Inspector General for the Troubled Asset Relief Program said the
increase was due largely to the government's pledges to supply capital to
Fannie Mae  and Freddie Mac  and to guarantee more mortgages to the support
the housing market.

*[And yet, not one iota of reform for the actual cause of this most recent
financial meltdown---the U.S. government and Fannie & Freddie---managed to
find its way into the Financial Overhaul legislation which Obama just signed
into 
law<http://www.google.com/hostednews/ap/article/ALeqM5g7ffRdswXTlfgaQS0FCOZmrvbwcAD9H3HIEG0>
...]*

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