[Show all top banners]

rustymood
Replies to this thread:

More by rustymood
What people are reading
Subscribers
:: Subscribe
Back to: Politics Refresh page to view new replies
 700 billion dollar bailout
[VIEWED 5449 TIMES]
SAVE! for ease of future access.
Posted on 09-27-08 1:54 AM     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 

Is this thing for real. Using 700 billion dollars from the tax payers pocket so that goverment can bailout the rich bankers?  Why should everyody pay for somebody's bad business. This thing will not help the average people, only the people that will benift will be the rich people. They say it is a bailout package, whereas nobody knows what exactly is this package and how does this package exactly work. All we know is a simple  briefing about the package which is supposed to be of 700 billion dollars and will ease some market pain. I am suprised at the speed they want to get this thing passed at the congress. Lets get it done with. So nobody has much time to say anything. Later on it will be all experimental as they say, which will end up unsucessfully for sure. Since this will be the first time experiment of this nature, nobodies voice will be strong enough to be heard eventhough the the package fails. What a master plan  to bailout the rich and rip off the averge. Long live george bush and his eight years of unsuccessful presidency.


 
Posted on 09-27-08 2:30 AM     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 

there.u.go..dont.comment.on.something.on.which.u.dont.have.enough.info..go.learn.the.facts.first.its.not.to.bail.out.the.rich.ppl.

 


 
Posted on 09-27-08 2:31 AM     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 

there.u.go..dont.comment.on.something.on.which.u.dont.have.enough.info..go.learn.the.facts.first.its.not.to.bail.out.the.rich.ppl.

 


 
Posted on 09-27-08 10:51 AM     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 

yeah that's right dude. i can see where you stand mr  mansion
 
Posted on 09-27-08 10:55 AM     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 

maybe you would like to enlighten us more in this matter mr. mansion
 
Posted on 10-03-08 12:40 PM     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 


rustymood,

i dont have a degree in economics and dont know much things at the core , but i want to correct u on some things i already know

the crisis is definitely coz of the risk prone approach of the investment bankers but also due to

the plummeting price of the real estate, which led to increase in bad mortgages and loans and it shows up in thier

balance sheet. Due to this the other banks are also skeptical to lend money to them ,and if they do only short term lending with very

high interest rates. Since that option failed they reach out to govt for bankruptcy. Since US economy is the leading economy in the world,

a recession here would have rippling effect and would lead to crash of other economies in EU and Asia too. So its not only about Wall Street ,but

the world economy.

So the bailout package now would be kind of relief package , buying the bad mortgage from teh banks and clearing off from thier balance sheets , so that

other banks would lend them money. Most ppl who are the champions of the bail out package want that Govt should have some stake in the Bank, and after some time

when the real estate price may go up and the money recovered, it can go back to the tax payers. And they also want to restrict the perks that goes to CEOs of the

failed institutions, not more than that the highest paid govt. employee and are opposing the "golden parachute" option to them.

I dont know the fate of the package, but lets hope it works as planned so that there would be some relief to tax payers and penson holders who will be the ultimate

losers if the program fails.

Someone with academic knowledge can provide more meaningful insights may be !!!!

 
Posted on 10-03-08 12:50 PM     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 

the bill for $700B just passed through the House of Representative that was amended by Senate yesterday. Looks like the bailout is official now, with Bush signing it.
 
Posted on 10-03-08 1:32 PM     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 

Rustymood, this is not first time experiment, Hong Kong did same thing during 1997, japan did same thing during 1992, Sweden did same thing during 1987 and all those countries succeeded fixing their economy. This is very serious problem and doing nothing can have huge consequences. That's  why congress acted so fast.

 


Please Log in! to be able to reply! If you don't have a login, please register here.

YOU CAN ALSO



IN ORDER TO POST!




Within last 30 days
Recommended Popular Threads Controvertial Threads
What are your first memories of when Nepal Television Began?
मन भित्र को पत्रै पत्र!
काेराेना सङ्क्रमणबाट बच्न Immunity बढाउन के के खाने ?How to increase immunity against COVID - 19?
TPS Work Permit/How long your took?
चितवनको होस्टलमा १३ वर्षीया शालिन पोखरेल झुण्डिएको अवस्था - बलात्कार पछि हत्याको शंका - होस्टेलहरु असुरक्षित
Nepali doctors future black or white usa ?
Another Song Playing In My Mind
nrn citizenship
TPS Renewal Reregistration
हेर अमेरिकामा नेपालीहरुको बेज्जत
WHAT DO YOU GUYS THINK ABOUT THIS?
Send Parcels from USA to Nepal & Worldwide.
Why is every youths leaving Nepal? Why are not youths entering politics and serving the country, starting business etc?
Is money sent to support family tax deductible?
Nearly one-third of Americans support autocracy, poll finds
Alert: Turbo Cancers: A Rising Global Threat
महँगो अण्डाको पिकल्प : कुखुरा र खोर भाडामा लिने
Informatica consultancy share
Travelling on TPS advance travel document to different country...
Are you ready to know the truth?
NOTE: The opinions here represent the opinions of the individual posters, and not of Sajha.com. It is not possible for sajha.com to monitor all the postings, since sajha.com merely seeks to provide a cyber location for discussing ideas and concerns related to Nepal and the Nepalis. Please send an email to admin@sajha.com using a valid email address if you want any posting to be considered for deletion. Your request will be handled on a one to one basis. Sajha.com is a service please don't abuse it. - Thanks.

Sajha.com Privacy Policy

Like us in Facebook!

↑ Back to Top
free counters