Some of the president's economic advisers, however, believe that such a guarantee amounts to an unnecessary subsidy, transferring taxpayer money to private lenders.
While we don't know the details yet, I am willing to lay long odds that it is going to be a huge heaping bowl of suck whose main selling point will be transferring taxpayer money to banks.
"We won't lift you out of poverty by simply transferring taxpayers' money to you.
Throughout the late 1980s and early 1990s, American politicians and business leaders accused MIT and other universities of contributing to a declining economy by transferring taxpayer-funded research and technology to international – especially Japanese — firms that were competing with struggling American businesses.
To do so via asset purchases and equity injections would require an enormous transfer of taxpayer resources to the firms a bonanza for shareholders.
Bailing out Greece would involve "a more or less disguised transfer of taxpayer money," he said, "and I don't see any support for that from the people in Germany or elsewhere".
If we don't get the relief now, the very harm we're trying to prevent – the transfer of taxpayer money to religious schools – will happen.
The public surely has never been fully aware of this astonishing support and transfer of taxpayer equity to the private sector to enable its continuing exploitation and corruption of a publicly owned natural resource.
In short, the so-called "mother of all bailouts," which will transfer $700 billion taxpayer dollars to purchase the distressed assets of several failed financial institutions, will be conducted in a manner unchallengeable by courts and ungovernable by the People's duly sworn representatives.
2) The transfer of taxpayers' money to unaccountable shareholders must stop.
