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Reply #10: I don't love how this article claims "taxpayer money is not expected to be used" [View All]

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Trillo Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-14-07 12:09 PM
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10. I don't love how this article claims "taxpayer money is not expected to be used"
and near the bottom of the article, it is repeated, "Taxpayer funds were not used to bail out Long-Term".

The article claims the fund will be used to "bail out" SIVs or Structured Investment Vehicles. SIVs are used for tax avoidance, though that may not be their only use.

If "taxpayer funds" will not be used, and the SIVs were used to avoid taxes, perhaps among other uses, then why does the repeated claim make sense? If SIVs were used to avoid taxes, then "taxpayer funds" were used, because "taxpayer funds" were made a greater percentage of taxes as big firms used SIVs to reduce their taxes at the time they were created.

My tentative conclusion is that we're being lied to by sophisticated pigs feeding at the public trough. I wonder how many other citizens will come to the same conclusion as me.
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