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In reply to the discussion: **Breaking** Trump threatens to abandon Puerto Rico recovery efforts [View all]PatrickforO
(14,572 posts)Let me get this straight.
In late 2008 when the Wall Street crooks caused the economy to collapse - a problem very much of their own making - we taxpayers had to give them $750 billion to bail them out.
Here's my question, which I'm going to be asking staff members for both my US Senators and my US Representative tomorrow: If taxpayers bailed out Wall Street in 2009 as a result of the leadership of Bush and then-president-elect Obama, why can't Trump exert some leadership to bail out Puerto Rico?
After all, my understanding is that $84 million of that debt is directly attributable to a Trump bankruptcy.
So, help me understand here. We can pay out $750 billion to bail out Wall Street after its naked greed and shady dealings nearly destroyed the world's economy, but we can't negotiate down a $72 billion debt owed to Wall Street on behalf of American citizens? Less than 1/10 of what American taxpayers paid to Wall Street under TARP? Why is that?
I have a Republican Senator and I'm anticipating a long telephone call with his DC office over this issue - that is, until I can get some kind of answer.