Results 1 to 10 of 14
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03-23-2009, 02:01 PM #1
Stocks soar after bank plan unveiled
Wasn't someone asking for a positive move by the administration the other day?
http://www.msnbc.msn.com/id/3683270//deck/
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03-23-2009, 02:57 PM #2
like the stock surge, but another 500 billion. Not sure if this a positive move?
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03-23-2009, 03:06 PM #3
It's going to have a major impact on the bad assets, which is the main reason why we're in this mess.
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03-23-2009, 04:22 PM #4
Glad to see everyone is happy with a quick fix. Tell me, how is it healthy for a company to have all of its "toxic" assets erased? Is this going to be an annual thing now?
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03-23-2009, 05:17 PM #5
Yup but where have those bad assets gone? Right into the pockets of you and me and my kids.
Hey just keep on buying all the bad assets, heck buy my debt while there at it, and then they will tax the heck out of us in the next few years
Wonderful
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03-23-2009, 05:41 PM #6
Yup but where have those bad assets gone? Right into the pockets of you and me and my kids.
Hey just keep on buying all the bad assets, heck buy my debt while there at it, and then they will tax the heck out of us in the next few years
Wonderful
It will not be only a few years...
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03-23-2009, 05:50 PM #7
Tax and spend baby, tax and spend..
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03-23-2009, 06:04 PM #8
It's he assets are going to be auctioned between banks and investors. This will not cost near $500 billion; rather, it's projected to cost 20% of that. It is not even close to a short-term fix, especially since its effects will resound for decades.
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03-23-2009, 06:07 PM #9
Yes, the negative effects of disrupting the free market will definitely be felt for decades. I meant that it would be good in the short term, but you're right, it will be a tragically long, terrible decision.
Anyone know why the Government helped at all? I love this whole thing about these banks being to big to fail, especially from a president who preaches "fairness." Removing the debt from these big banks and allowing them to continue operations as was will lead to the exact same situation we are in with the exact same leaders. Brilliant.
Any reason we don't allow the free market to work this out? I'd much rather be in control than the Government.
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03-23-2009, 06:23 PM #10
The first "government intervention" came with the AIG support. I feel it was essential to keeping our economy afloat. Most everyone would feel the effects. Finally, although this may not apply to you quite yet, CREDIT IS ESSENTIAL FOR OUR ECONOMY. It sounds too easy to let banks go belly-up, but it would be a tragedy.
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Originally Posted by Yanksfan396 
