While much of the talk surrounding Treasury Secretary Henry Paulson’s $700 billion market-wide bailout plan has been speculation, many experts are estimating the total cost for individual taxpayers to be upwards of six-thousand dollars. On the flip-side of the coin, Liz Ann Sonders, chief investment strategist at Charles Schwab believes in the possibility that Paulson’s quick-fix “ultimately may not cost us anything.” She cited the Resolution Trust Corp. experience of the early nineties, stating that it may be possible for the government to actually turn a profit from this plan, as opposed to accruing further debt. This outcome, however, does not seem likely, and it is safe to assume that American taxpayers are going shoulder at least a portion of the current economic debaucle.
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