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Old 09-23-2008, 11:26 AM
 
236 posts, read 759,245 times
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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
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Old 09-23-2008, 12:02 PM
 
Location: Charlotte, NC
1,311 posts, read 4,399,902 times
Reputation: 1088
Shouldn't this be in the Business or Politics forum for a better response?
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Old 09-23-2008, 01:31 PM
 
Location: America
6,993 posts, read 16,287,125 times
Reputation: 2083
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
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Old 09-23-2008, 01:33 PM
 
Location: Great State of Texas
86,067 posts, read 78,523,997 times
Reputation: 27662
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.
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Old 09-23-2008, 01:37 PM
 
862 posts, read 913,157 times
Reputation: 149
What are they going to do about the OTHER 300 trillions in derivaties out there?
Blame that on Mexicans wanting a house as well ?
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Old 09-23-2008, 01:40 PM
 
11,973 posts, read 9,647,308 times
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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
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Old 09-23-2008, 01:42 PM
 
Location: Sitting on a bar stool. Guinness in hand.
4,429 posts, read 6,055,779 times
Reputation: 1715
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.
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Old 09-23-2008, 01:47 PM
 
Location: Sitting on a bar stool. Guinness in hand.
4,429 posts, read 6,055,779 times
Reputation: 1715
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.
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Old 09-23-2008, 02:39 PM
 
Location: western East Roman Empire
8,459 posts, read 12,369,549 times
Reputation: 8764
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!
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Old 09-23-2008, 04:34 PM
 
105 posts, read 205,163 times
Reputation: 33
Btt
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