TexasObserver
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Mon Oct-13-08 01:43 AM
Response to Reply #9 |
| 11. I want to see the US buy value, not simply piss the money away on bad debt. |
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Edited on Mon Oct-13-08 01:43 AM by TexasObserver
Buying stock does that.
It also allows the US to benefit from the upswing in values created, and allows the US to get out of the markets when they are sound.
While it's not about turning a profit, it is about avoiding a loss and getting the US a return on its money. We have to pay for that money which is being committed by the government, pay for the interest which allows us to borrow. We need a return of the money, and at least a small return on the money, to cover those interest payments the government must make on the debt instruments it issues to fund the bailout.
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