$700,000,000,000 Best case scenario (and it sucks)

[TDC57]

Originally Posted by plettenbergs

a must see video...http://www.youtube.com/watch?v=NU6fuFrdCJY

WOW the government took it off the air (?) WTF happened to freedom of speech ????.


I guess the truth hurts..

[TexasSP]

Originally Posted by rabosi

The problem is how can you trust the people who say you need a bailout when they are part of the problem.

BINGO!

[TDC57]

Originally Posted by Cowboy

Who needs Al-Qaeda. Our government is doing a better job destroying our country than Al-Qaeda ever did.

That was / is Bin L goal in life to BK the USA.. We are soo stupid we did it ourselves

[Finnster]

IDK what to make of the bailout.

On one hand the credit market is freezing up, and short term lending is the grease that moves the economy. As mad as everyone is, it will be even worse when businesses can't make loans for payroll, day to day operations or expansion. Worse off is when they start to layoff people to cut expenses, and people can't get loans (or have money) to buy cars, houses, consumer products, etc, and the feeding businesses contract. I know GM is on the ropes.

OTOH, $700B is a $hitload of money, going to an admin that has been rarely correct on anything or its cost, and no one really seems to understand these "assets" and their real value (else the banks wouldn't be here in the 1st place.) More worrisome tho is that its in part based on an idea of propping up the overinflated housing market that never should have grown that large. The bailout could spark huge inflation which will also make everything a giant mess.

What I do know is there doesn't seem to be any good options, and there are no clear answers to any of this. No one in power is doing a good job of explaining the real implications of the impending mess for non-financial types (ie most voters) nor the full implications and +/- of the few options presented to date. Hold on to your ass kiddies, we're in for a ride.

[TexasSP]

Everyone should read this:

http://www.cnn.com/2008/POLITICS/09/...ef=mpstoryview

[rabosi]

Great article!!

[jayjay283]

Ya know I went to bank 1 to get away from citibanks big corporate BS, Then Chase bought bank 1, Now they buy wamu my simple ebay/paypal rc account. Cant get away no matter how low I go

[sikeston34m]

Originally Posted by TexasSP

Everyone should read this:

http://www.cnn.com/2008/POLITICS/09/...ef=mpstoryview

I VERY completely aggree with that Article! I learned alot too. Very informative!

Thanks for the Link!

[TexasSP]

I think it's amazing how when a true piece of trash comes forward like this 700 billion bailout that the US citizens get together and yell a resounding not just no but HELL NO, just like the immigration bill last year.

In the deepest of deep the good thing is we all no matter democrat, republican, libertarian, or whatever all come together to protect our best interests.

The great thing about the article is that it articulates so well why some things must die to transform and move on for the better. Sometimes the better hurts while it happens but is much healthier in the long run.

[jayjay283]

You hear Bush pleading for that crap to work out. I voted for the man, like him, but this last few months hes just...I dunno trying to line his pocket for when hes out of office, Can we get a 500 page copy of this crap bill ?

[TexasSP]

Another good article to read, mostly opinion with some excellent points.

http://www.foxnews.com/story/0,2933,431001,00.html