Archive for the ‘bailout’ tag
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DRIVING MR. & MRS. JONES ON MAIN STREET: Are Paulsons $700B Turncoats to buy Wall Street Toxic Bonds or Dole them to Bernanke to cover the FEDS Trillion lent to the Defunct Oil Speculators Corporate America against same Devilish Stock Insurance Circle.
We need to stop sending our e-waste overseas Pakistan gets 0 mln loan to aid ailing economy Paulson Moves On to Nuts and Bolts of Rescue Paulson vows to speed rescue to financial system Personal Finance Daily: The week’s 10 best Personal Finance stories: Sept. 29-Oct. 3 Personal Finance Perceptions Polo’s Pro Future Prospect Fades for Joint EU Bank Bailout Shrinking Job Market: The Next Crisis? Slower growth expected in tech industry Small Bank Looms Large in Volatile Market Steve Jobs …
G20 – Obama sign on to Global Currency! Dollar Plunges i
London – It was the French siding with Germany, China and Russia that dealt a financial checkmate to Obama, USA and the greenback. Currency trading stopped as dollar plunges 43% on world markets. Money, money, money it’s a rich mans world .ABBA … China Russia France Germany G20 London currency exchange Obama dollar greenback US oil banks melt down EU Bank of Scotland AIG bailout finance financial insurance gold standard credit foreclosure home riot
What is the “economists” view of this financial crisis? (Serious Question)?
Here is my view. Please challenge. I’d be interested in your views:
If Government keeps taxes lower than they should be, prints money, and borrows money – you increase the money supply. People feel good about their finances. That creates demand to improve their dwelling. The demand fuels prices. Rising property prices gives banks confidence to lend (as the asset is rising in value). So thats what I think was going on.
Now who do you blame?
There’s a choice of 3.
The consumer
The banks
The government
The consumer – mostly they are not economists. They can’t see the bigger picture. They can only observe that buying property increases their wealth. The more they can borrow – the more money they make. They look to the past and see many people have done this – and made a wise choice.
The banks – they are a business. Driven by profit. Lending in a rising price market is low risk. As the years went by they got more ambitious, and took more risk. Loans above 100% though were reckless.
Government – these are the people who were keeping taxes lower than sustainable, printing money, and borrowing to meet the account deficit. This policy was never going to last.
So I believe the current problem was forseeable,
To whom do I attach blame.
Government 90% to blame
Banks 10% to blame. Especially making loans above 100%
Some consumers individual consumers may be to blame but not as a whole.
The Governement choice : to bailout or not to bailout.
To me thats like asking how would you prefer to crash your car – into a wall or over a cliff. One might be less costly.
I say the government shouldn’t have put rocket fuel at the gas stations.
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Please – challenge some or all of it. It all helps understanding. Thanks.
SHAME ON YOU: Rep. Speier To You Mr. Sullivan,. Chairman Waxman’s Eric R. Dinallo, Superintendent, NY State Insurance Dept, Lynn E. Turner, chief accountant, Securities Exchange Commission Robert B. Willumstad, CEO, Martin J. Sullivan, CEO, AIG
American International Group, Inc. Corporate Information Web site. www.aigcorporate.com/ AIG: Summary for AMER INTL GROUP INC Get detailed information on AMER INTL GROUP INC (AIG) including quote performance, Real Time ECN, technical chart analysis, key stats, insider transactions, finance.yahoo.com/q?s=AIG AIG: Summary for AMER INTL GROUP INC American International Group, Inc., through its subsidiaries, provides insurance and financial services in the United States and internationally. …
Rebound? – Emergency Economic Summit (13 of 14)
On September 30, 2008, the Seidman College of Business hosted an emergency summit at Grand Valley State University to explore the intricacies of the global financial crisis in the United States and in West Michigan. “Historic Financial Crisis: A West Michigan Conversation,” included panel presentations from and discussion between six academics and practitioners.
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Commercial Banking (cont.) – Emergency Economic Summit (9 of 14)
On September 30, 2008, the Seidman College of Business hosted an emergency summit at Grand Valley State University to explore the intricacies of the global financial crisis in the United States and in West Michigan. “Historic Financial Crisis: A West Michigan Conversation,” included panel presentations from and discussion between six academics and practitioners. Jon Chism, CPA, is an audit partner with Plante & Moran and has over thirty years of public accounting experience. He specializes …
SuwestTrust.com: Friends and Family Loan Mortgage Program :: Social Personal Peer Lending
heard about the national credit crisis. During this time of national crisis have you ever considered becoming a bank? Thats right; you can become a bank for a friend or family member. … low interest rate loans mortgage officer broker investment finance money economy personal peer lending bailout crisis custodian securing family loan to residential home 1st time buyer borrowers escrow middleman relationship informal real estate down payment assistance feel good bad credit banks banking …
(Senate Roll Call 10/1/2008) H R 1424 Emergency Economic Stabilization Act of 2008
HR 1424 Emergency Economic Stabilization Act of 2008 A bill to provide authority for the Federal Government to purchase and insure certain types of troubled assets for the purposes of providing stability to and preventing disruption in the economy and financial system and protecting taxpayers, to amend the Internal Revenue Code of 1986 to provide incentives for energy production and conservation, to extend certain expiring provisions, to provide individual income tax relief, and for other …
Excellent summary of the Economic and Financial problems faced by the UK in the last 14 months to November 2008. From Northern Rock to the PBR Emergency Budget of 24th November 2008. By the BBC.
Excellent summary of the Economic and Financial problems faced by the UK in the last 14 months to November 2008. From Northern Rock to the PBR Emergency Budget of 24th November 2008. By the BBC
