you got my money.
now you pay me back with less.
how is this ok?
Dear Fed,
Let me see if I've got this right: You used my money (well, mine and some other people's, too) to bail out several financial institutions. As collateral, they offered up shares which at the time were equivalent to the dollar value of the money (mine and other people's) received. And now these institutions are paying me (and the other people) back with devalued shares ... not enough shares to equal the dollar value of the original bailout money but in the actual number of shares that were worth more at the time of the bailout. So by paying their debts back now, before their shares go back up, these institutions (which are loudly and proudly trumpeting how responsible they are by paying me-and-other-people) are getting free money. Mine and other people's money.
Am I right?
I know I'm supposed to be better with words than with numbers, but, really ... even a six-year-old can figure out this isn't fair. In fact, mine just did. And she's not to happy with you right now, Fed.
Sincerely yours, MamaKu
now you pay me back with less.
how is this ok?
Dear Fed,
Let me see if I've got this right: You used my money (well, mine and some other people's, too) to bail out several financial institutions. As collateral, they offered up shares which at the time were equivalent to the dollar value of the money (mine and other people's) received. And now these institutions are paying me (and the other people) back with devalued shares ... not enough shares to equal the dollar value of the original bailout money but in the actual number of shares that were worth more at the time of the bailout. So by paying their debts back now, before their shares go back up, these institutions (which are loudly and proudly trumpeting how responsible they are by paying me-and-other-people) are getting free money. Mine and other people's money.
Am I right?
I know I'm supposed to be better with words than with numbers, but, really ... even a six-year-old can figure out this isn't fair. In fact, mine just did. And she's not to happy with you right now, Fed.
Sincerely yours, MamaKu
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