$14 Trillion In Bailout Money: Trivia Question
Trivia Question: If the $14 Trillion in bailout money was funneled back to homeowners, as opposed being gifted to banks, government agencies and big business, how much money would be available for each homeowner toward the satisfaction of delinquent mortgage payments?
Answer: Each of the 73 million homeowners in the U.S. would receive $191,000.
In your opinion . . .
If you were to receive your share of the bailout money ($191,000), would you still be struggling to save your home from foreclosure?
If every homeowner in the U.S. received their share of the bailout money ($191,000 per homeowner), would there still be a foreclosure crises?
Are we, the taxpayers, responsible for paying back the $14 Trillion in bailout money that is being gifted to banks, government agencies and big business?
Do you feel our government is more concerned about big business and banks than they are with homeowners?
Adding Up the Government’s Total Bailout Tab
Beyond the $700 billion bailout known as TARP, which has been used to prop up banks and car companies, the government has created an array of other programs to provide support to the struggling financial system. Our government has spent $3 trillion and made commitments of $11 trillion and, for a total of $14 trillion dollars.
For a breakdown of the bailouts, go to: http://money.cnn.com/news/storysupplement/economy/bailouttrackerPublished by carterharkins and tagged with: Tags: bank bailout, tarp | No Comments