Results 1 to 6 of 6
-
11-12-2008, 03:21 PM #1
Can someone explain the new bailout plan
http://www.foxbusiness.com/story/mar...ailout-update/
what does all this mean?
-
-
11-12-2008, 03:33 PM #2
Somebody correct me if I'm wrong, but it looks like they switched from buying bad assets (purchasing bad portions of the business for a fraction of the value, which they can sell later for a profit) to buying a stake in the company. Paulson says:
“I determined that the most timely, effective step to improve credit market conditions was to strengthen bank balance sheets quickly through direct purchases of equity in banks,” Paulson said.
So it sounds like the "direct capital injections" they mention through the article is a nice way of saying the government is buying parts of financial institutions. I like this even less than I did the original plan. At least they weren't getting ownership in it.
Or am I missing something here?
-
11-12-2008, 03:51 PM #3
I think Paulson and Treasury are bad jokes. And unfortunately, the joke is on all of us.
-
-
11-13-2008, 12:54 PM #4
CNN: Bailout switch has some up in arms
Apparently a lot of people aren't very happy with the bait and switch Paulson is trying to pull.
-
11-13-2008, 02:42 PM #5
I think that the government does not have to help everybody that wants to go broke. For example, all those executives from those institutions are getting some hefty binuses
-
-
11-13-2008, 02:51 PM #6
anyone that didn't see this coming is crazy. Anyone that thought any of that money was actually going to benefit "you" is crazy. Of course the government wants to own stake in the financial market and if things go as planned, they will. As you can see Media is already controlled by the Government, What will be next? Oh let's see how about the Manufacturing Industry, then the Transportation Industry, the Agriculture, Education, and on and and on until ... wait for it ... wait for it ... until America and Americans are completely controlled by a Fascist government (Think Cuba).
I keep saying this and no one ever responds, these are the final steps needed to climb our way into a New World Order. Or as "they" would say it ... "Pave the way"
-
