3 Bailout Costs No One Is Talking About

Better Investing

What's Hot


Shoppers Boycott Businesses Selling Trump-Branded ProductsBusiness

5 Reasons to Shop for a Home in DecemberFamily

Giving Thanks: Why Foreigners Find America AmazingAround The House

Why Washing Your Turkey Can Make You IllFamily

50 Best Gifts Under $25 for Everyone on Your ListFamily

Pay $2 and Get Unlimited Wendy’s Frosty Treats in 2017Family

What the Richest 1 Percent Earns in Every StateFamily

10 Ways to Retire Earlier Than Friends on the Same SalaryGrow

The 10 Best Ways to Blow Your MoneyCredit & Debt

7 Foods That Can Lengthen Your LifeFamily

The 50 Hottest Toys of the Past 50 YearsFamily

7 Government Freebies You Can Get TodayFamily

The bailout of our banking system, considered a short-term solution by many experts, could end up costing you big in the long-term.

The bailout of our banking system, considered a short-term solution by many experts, could end up costing you big in the long-term. Of course, there’s the $700 billion required to buy up bad mortgages, but there are also a host of potential costs that you may not be aware of.

First, you should probably expect some sort of increase on your income taxes. Adding $700 billion to our already bloated budget could potentially leave the government with a trillion dollar deficit. Reducing that without raising income taxes won’t be easy.

You may also incur higher banking charges, on everything from checking accounts to overdraft fees. Part of the reason is that banks want to recoup their losses.

And you’ll even find higher rates on loans for the same reason… banks trying to make up for money they’ve lost… and less competition amongst fewer banks will make it easier for them to do so.

None of these things have happened yet, and perhaps never will, but it’s unlikely that this big of a bailout, with this much reduction in competition, won’t have any effect.

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!

💰🗣📰

Read Next: 10 Pantry Staples to Start Any Meal

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,881 more deals!