Economics 101: Agreement reached on the 700 billion bailout
Thursday, September 25, 2008 13:20Posted in category Economics 101, Finance
Just looked at Yahoo News and learned that an agreement is reached on the 700 billion bailout deal. Even though politicians on both sides of the aisle agreed on the deal, I am yet to find a person who believes bailing out financial insistutions who made bad judgements is a good idea. I can’t fathom this idea of capitalism on the way up, and socialism on the way down. Still I think the options of the government are limited at this time, maybe a deal is better than doing nothing.
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Jayakumar says:
September 25th, 2008 at 1:42 pm
Agree, I want Lehman back….NOW!
Jayakumar says:
September 26th, 2008 at 11:27 am
Lokk again. No Deal.
harish says:
September 27th, 2008 at 2:11 am
Yes. No deal now. You like confusion
Binu Johnson says:
September 29th, 2008 at 6:29 pm
In case you are still in search of a person who supports a bailout from this credit crisis, let me know and I can send you my picture.
harish says:
September 30th, 2008 at 11:13 am
Yes. Please send me the picture. Let the American people see the financial FAT CAT who is going to profit from this massive bail out.
Jokes aside, I think the options are getting limited day by day. Now the bailout seems to be more necessary than before. Having said that I was watching the analysts in CNBC commenting, that guys in executive suites are furious that the bailout bill failed. Somehow these wall street guys still don’t understand public relations, they are throwing more oil in the fire with comments like that, it can only turn off common people who will reluctantly accept the bill. Instead of being furious, people in executive suites should work hard to regain the trust of the American people.
andreas says:
October 3rd, 2008 at 8:48 am
No Banker Left Behind