Global Capital Reserves: "Infinite" Cost to Taxpayer

Monday, September 8, 2008

"Infinite" Cost to Taxpayer

Steve Liesman, chief economist for CNBC, when asked what the upper limit cost would be under the new Fannie/Freddie bailout for the taxpayers, said that the cost to the taxpayers could be "infinite".

S Benard at 5:03 PM

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About Me

S Benard: United States; I am a student of economics, financial analyst, and futures trader, specializing in agricultural commodities, and especially grains, but I also trade gold and other metals, soft commodities, treasuries, and stock index futures. I began trading spot Forex currency crosses in May 2003, and in August 2006, I met a futures trader who has been making a living in futures for more than 20 years, and he became my futures mentor. I've never looked back, and I am now head trader for Global Capital Reserves, my own firm. I also have both Bachelors and Master of Science degrees in business. I really enjoy trading futures, and hope to share my successes, a few failures, and methodologies.

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