755 billion is still a lot of money in derivitives held. Is the government overseeing the payments to the counterparties? There has been some criticism of the failure to negotiate the payments and to have these payment operations supervised. It may not be a far stretch to believe that some of those payments are finding their way in support of terrorist groups and are being used to kill our young men and women in the armed services. We, the taxpayers don’t know who is being paid off in the Middle East and elsewhere. And shouldn’t we generally be negotiating the payments and watching over the amount of taxpayer money that is being paid out? We can say that its going to be paid back but life is not really that simple is it? There already are tremendous losses to the taxpayer in lost opportunity costs and consequently lost revenue that will never be paid back.
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So….does this delay when the American taxpayer will be reimbursed?
755 billion is still a lot of money in derivitives held. Is the government overseeing the payments to the counterparties? There has been some criticism of the failure to negotiate the payments and to have these payment operations supervised. It may not be a far stretch to believe that some of those payments are finding their way in support of terrorist groups and are being used to kill our young men and women in the armed services. We, the taxpayers don’t know who is being paid off in the Middle East and elsewhere. And shouldn’t we generally be negotiating the payments and watching over the amount of taxpayer money that is being paid out? We can say that its going to be paid back but life is not really that simple is it? There already are tremendous losses to the taxpayer in lost opportunity costs and consequently lost revenue that will never be paid back.