U.S. Cities  
Merry Christmas!

Go Back   City-Data Forum > General Forums > Business, Finance, and Investing
Register Blogs Search Today's Posts Mark Forums Read

Welcome to City-Data.com forum! Make sure to register - it's free and very quick! You have to register before you can post and participate in our discussions with 700,000 other registered members. User profiles and some forums can only be seen by registered members. After you create your free account you will be able to customize many options, you will have the full access to over 15,000 posts/day about local topics and you will see fewer ads.

Get a detailed profile
Search Forums  (Advanced)
Business Search - 14 Million verified businesses
Search for:  near: 
Reply


 
Old 09-23-2008, 12:26 PM
Senior Member
 
Join Date: Mar 2008
153 posts, read 122,801 times
Reputation: 51
stephen424 will become famous soon enoughstephen424 will become famous soon enough
Default 700 Billion Dollar Bailout

Any financial experts care to break down (to us common folks) what this means...

Is the bailout a good idea? Will it improve things? If so, how soon?

What are the negatives to this?

I've read about 8 articles (newyorktimes.com) and still can't get a grasp of what it all means
Reply With Quote Quick reply to this message

 
Old 09-23-2008, 01:02 PM
Senior Member
 
Join Date: Oct 2007
Location: Charlotte, NC
1,110 posts, read 766,076 times
Reputation: 555
cheesehead1 is a name known to allcheesehead1 is a name known to allcheesehead1 is a name known to allcheesehead1 is a name known to allcheesehead1 is a name known to allcheesehead1 is a name known to allcheesehead1 is a name known to allcheesehead1 is a name known to allcheesehead1 is a name known to allcheesehead1 is a name known to allcheesehead1 is a name known to all
Shouldn't this be in the Business or Politics forum for a better response?
Reply With Quote Quick reply to this message
 
Old 09-23-2008, 02:31 PM
Depression 2.0 coming to a street corner near you.
 
Join Date: Nov 2007
Location: America
5,119 posts, read 3,513,239 times
Reputation: 910
Wild Style is a splendid one to beholdWild Style is a splendid one to beholdWild Style is a splendid one to beholdWild Style is a splendid one to beholdWild Style is a splendid one to beholdWild Style is a splendid one to beholdWild Style is a splendid one to beholdWild Style is a splendid one to beholdWild Style is a splendid one to beholdWild Style is a splendid one to beholdWild Style is a splendid one to beholdWild Style is a splendid one to beholdWild Style is a splendid one to beholdWild Style is a splendid one to beholdWild Style is a splendid one to behold
Quote:
Originally Posted by stephen424 View Post
Any financial experts care to break down (to us common folks) what this means...

Is the bailout a good idea? Will it improve things? If so, how soon?

What are the negatives to this?

I've read about 8 articles (newyorktimes.com) and still can't get a grasp of what it all means
watch this
link
Reply With Quote Quick reply to this message
 
Old 09-23-2008, 02:33 PM
Senior Member
 
Join Date: Sep 2007
Location: Great State of Texas
11,151 posts, read 4,164,984 times
Reputation: 2259
HappyTexan has a reputation beyond repute
HappyTexan has a reputation beyond reputeHappyTexan has a reputation beyond reputeHappyTexan has a reputation beyond reputeHappyTexan has a reputation beyond reputeHappyTexan has a reputation beyond reputeHappyTexan has a reputation beyond reputeHappyTexan has a reputation beyond reputeHappyTexan has a reputation beyond reputeHappyTexan has a reputation beyond repute
Quote:
Originally Posted by cheesehead1 View Post
Shouldn't this be in the Business or Politics forum for a better response?
Put this in politics and the OP will never get an answer. Posters will blame either Dems or Repubs for the problems but won't or can't explain them.

Here is a better place to get an explanation..hopefully without too much politics injected.
Reply With Quote Quick reply to this message
 
Old 09-23-2008, 02:37 PM
Not a member
 
Join Date: Jun 2008
864 posts, read 156,520 times
Reputation: 149
Alt Dach will become famous soon enoughAlt Dach will become famous soon enoughAlt Dach will become famous soon enough
What are they going to do about the OTHER 300 trillions in derivaties out there?
Blame that on Mexicans wanting a house as well ?
Reply With Quote Quick reply to this message
 
Old 09-23-2008, 02:40 PM
Senior Member
 
Join Date: Jul 2007
1,414 posts, read 856,391 times
Reputation: 1029
lchoro has much to be proud oflchoro has much to be proud oflchoro has much to be proud oflchoro has much to be proud oflchoro has much to be proud oflchoro has much to be proud oflchoro has much to be proud oflchoro has much to be proud oflchoro has much to be proud oflchoro has much to be proud oflchoro has much to be proud oflchoro has much to be proud oflchoro has much to be proud oflchoro has much to be proud oflchoro has much to be proud oflchoro has much to be proud oflchoro has much to be proud of
Two experts, who saw the crisis coming, say the bailout won't work.

Meredith Whitney, banking analyst

CORRECTED - CORRECTED-UPDATE 2-Analyst Whitney sees little hope from bailo | U.S. | Reuters

Wilbur Ross, RE investor

Ross says Fed actions don't address root | U.S. | Reuters
Reply With Quote Quick reply to this message
 
Old 09-23-2008, 02:42 PM
clear the way!
 
Join Date: Jan 2007
1,682 posts, read 1,158,257 times
Reputation: 451
baystater is a glorious beacon of lightbaystater is a glorious beacon of lightbaystater is a glorious beacon of lightbaystater is a glorious beacon of lightbaystater is a glorious beacon of lightbaystater is a glorious beacon of lightbaystater is a glorious beacon of lightbaystater is a glorious beacon of lightbaystater is a glorious beacon of light
Quote:
Originally Posted by lchoro View Post
Two experts, who saw the crisis coming, say the bailout won't work.

Meredith Whitney, banking analyst

CORRECTED - CORRECTED-UPDATE 2-Analyst Whitney sees little hope from bailo | U.S. | Reuters

Wilbur Ross, RE investor

Ross says Fed actions don't address root | U.S. | Reuters
And I believe, they would be correct.
Reply With Quote Quick reply to this message
 
Old 09-23-2008, 02:47 PM
clear the way!
 
Join Date: Jan 2007
1,682 posts, read 1,158,257 times
Reputation: 451
baystater is a glorious beacon of lightbaystater is a glorious beacon of lightbaystater is a glorious beacon of lightbaystater is a glorious beacon of lightbaystater is a glorious beacon of lightbaystater is a glorious beacon of lightbaystater is a glorious beacon of lightbaystater is a glorious beacon of lightbaystater is a glorious beacon of light
Quote:
Originally Posted by HappyTexan View Post
Put this in politics and the OP will never get an answer. Posters will blame either Dems or Repubs for the problems but won't or can't explain them.

Here is a better place to get an explanation..hopefully without too much politics injected.
You forgot about blaming the illegals, the restictions on guns, and especially Disco ( I definely blame Disco for a lot of this also I blame loverboy as well ) and whatever other cockimame exuse that forum can come up with.
Reply With Quote Quick reply to this message
 
Old 09-23-2008, 03:39 PM
Senior Member
 
Join Date: Sep 2006
2,224 posts, read 1,715,418 times
Reputation: 734
bale002 is a splendid one to beholdbale002 is a splendid one to beholdbale002 is a splendid one to beholdbale002 is a splendid one to beholdbale002 is a splendid one to beholdbale002 is a splendid one to beholdbale002 is a splendid one to beholdbale002 is a splendid one to beholdbale002 is a splendid one to beholdbale002 is a splendid one to beholdbale002 is a splendid one to beholdbale002 is a splendid one to beholdbale002 is a splendid one to behold
Quote:
Originally Posted by HappyTexan View Post
Put this in politics and the OP will never get an answer. Posters will blame either Dems or Repubs for the problems but won't or can't explain them.

Here is a better place to get an explanation..hopefully without too much politics injected.
Yes, I just posted the following on the politics forum, most don't understand or they are interjecting politics into it.

Anyway, for what it's worth, here is my quick take on it, responding to the question, where will the money come from. I bold the more salient points.

==========================

They'll print the money, that's not hard.

The problem is where all the real resources are going to come from.

Pretty soon, and in some cases already, we will have real shortages of actual goods and services, like gasoline, possibly utilities and food.

The dollar price of what goods and services are actually available at will be expressed through high rates of inflation.

In the end it is a crisis of production - we consume more than we produce; among other things, we have given away expensive, inefficient housing to too many unproductive people and the result in monetary terms is debt and inflation.

At this pace it is not inconceivable that we may have to implement some kind of rationing system, whether credit to begin with, then of real goods and services, such as gasoline, even utilities and food.

This bailout is designed to avoid a wipe-out of the savings of the productive and a crisis in the payments system, which would then lead to shortages of basic goods and services.

But even if the bailout passes and has some effect, it does not address the underlying real economy problem of production - consumption = saving + investment.

The most disturbing aspect of this bailout plan is that they are talking of continuing to subsidize unproductive people so that they can continue to live in inefficient housing and consume.

Ain't gonna work.

Until they talk about restoring the productivity of the average US worker (real productive work, not some government make-work), then we only drag the crisis out, not resolve it.

Good luck!
Reply With Quote Quick reply to this message
 
Old 09-23-2008, 05:34 PM
Not a member
 
Join Date: Sep 2008
105 posts, read 47,595 times
Reputation: 30
Gematria is on a distinguished road
Btt
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.



Reply


Quick Reply
Message:

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Similar Threads


Go Back   City-Data Forum > General Forums > Business, Finance, and Investing

All times are GMT -6. The time now is 09:55 PM.

Copyright © 2005-2009, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13 - Top