$700 Billion Bail-out?
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$700 Billion Bail-out?
Has anyone found a "reliable" news source about this bail-out? A lot of talk is going around, but no facts are actually coming out of their mouths?!?!?!
I really think instead of turning on us tax payers, they should look at the CEO's of these firms and their profit margins... take their millions that they have made with these sub-prime loans!
And instead of bailing-out these mismanaged firms, where their CEO's get paid millions to mismanage a billion dollar industry
, and where the money is supposedly going to "trickle down" and help us blue collared individuals, maybe they should invest the $700bn in helping families in crisis to help pay off or have a portion of their debts forgiven-- make the money go from bottom up! not the other way around (where we will never see it "trickle down"). 
If you or I default on a loan, make a bad choice, were ****ed... but if you are a big bank, fear not! The Bush administration will save you!
Thoughts?
The moral of this story is, if ur gonna do something ****ed up, better be in bed with the gov. first... so they can bail you out.
I really think instead of turning on us tax payers, they should look at the CEO's of these firms and their profit margins... take their millions that they have made with these sub-prime loans!
And instead of bailing-out these mismanaged firms, where their CEO's get paid millions to mismanage a billion dollar industry
, and where the money is supposedly going to "trickle down" and help us blue collared individuals, maybe they should invest the $700bn in helping families in crisis to help pay off or have a portion of their debts forgiven-- make the money go from bottom up! not the other way around (where we will never see it "trickle down"). If you or I default on a loan, make a bad choice, were ****ed... but if you are a big bank, fear not! The Bush administration will save you!
Thoughts?
The moral of this story is, if ur gonna do something ****ed up, better be in bed with the gov. first... so they can bail you out.
No banks are "defaulting" on anything.
The difference between you and I messing up and big banks messing up, is you and I don't jack up the next 10, 20 years of the economy if we **** up
Dude, I'm not saying I agree with the bailout but instead of criticizing the headlines how about doing a bit more research, or talking to people who are in the high finance industry if you want to learn more about it?
Bush is trying to rush it through while everyone is in a panic. Reminds me of the Iraq war. I for one would like to see them wait a while. I don't believe we are on the edge of no return. I think it would be better to give economic experts more time to review it and weigh in properly.
Last edited by Jabberwocky; Sep 26, 2008 at 09:27 AM.
I agree with the bail out now more than before.
No bail out = companies fall flat on their asses and we start over with some things.
or
No bail out = companies fall flat on their asses and billions of dollars in foreign investments get pulled and put into other countries causing something much worse than our first depression.
seems like a bit of a risk.
No bail out = companies fall flat on their asses and we start over with some things.
or
No bail out = companies fall flat on their asses and billions of dollars in foreign investments get pulled and put into other countries causing something much worse than our first depression.
seems like a bit of a risk.
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