Paulson
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- ukit
http://thepage.time.com/2008/11/…
Treasury Secretary says $700 billion bailout will not be used to buy "toxic" assets. Instead, it will be used to help banks resume "responsibility" of lending, especially for consumer needs like credit cards, auto loans and student loans.
Huh?
- 7point340
it's ok if you don't get it
- doesnotexist0
toxic assets...like helping the auto industry to continue making horribly inefficient autos?
- ukit0
I'd like to know if the purpose has changed completely, do they still need $700 billion?
- Quick Answer: Yes.TheBlueOne
- well it is over 1 Trill nowBattleAxe
- YES. And you better not be asking any questions of your Congress (they'll ignore your requests anyways).tommyo
- you mean the Democratically controlled congress with an approval rating of 20%********
- Mimio0
The $700b is part of a multi-phased installment we're paying to several industries.
- "Multi-phased, bitches."TheBlueOne
- It's going to be trillions.Mimio
- Brazillions actually.tommyo
- Renegade0
The American Dream
The rich get richer and the poor will get poorer...
- ********0
he had a name. his name was Daniel Paulson.
he had a name. his name was Daniel Paulson.
he had a name. his name was Daniel Paulson.
he had a name. his name was Daniel Paulson.
et al..
- rafalski0
Why do people insist on calling this system capitalism?
- Only the people who think they can become part of the ruling class call it that. (see Plumber, Joe)TheBlueOne
- OSFA0
has anyone heard of anybody getting a loan from a bank recently?
But I bet you've heard of millions being wasted or executives bailing out and taking lots of money with them eh?
- ukit0
Apparently 300 of the 700 billion already spent...good god
- rafalski0
It must be good, Obama was all for it.
- ********0
ukit, no offense, but do you have another alternative. A solution?
- bliznutty0
don't give the people the $$ - give it to the banks so the people will remain in debt - totally fucking incredible i tell you
- ********0
Americans Want Regulation More Than Rescue
http://www.gallup.com/poll/11184…I'm not one to put too much emphasis on these type of polls, but this is interesting.
- kinobe0
HIS NAME WAS ROBERT PAULSON
- ********0
The Other $700 Billion Question
Can behavioral economics bail out the problems with healthcare spending?
http://gmj.gallup.com/content/11…
- ChankD0
I know my brain is small and can't understand the complexities of the matter, but essentially, teh govs wanted our monies to bail out failing banks (failing because we couldn't pay back our debts) so that banks can lend us more money so we can by 'stuff' and accumulate more debt? WTF??!!
- rafalski0
I loved how they pulled the "700 billion" out of thin air.
"a man who makes a specific claim is either telling the truth or a lie. People do not expect an advertiser to lie. They know that he can't lie in the best mediums. The growing respect for advertising has largely come through a growing regard for its truth.
So a definite statement is usually accepted. Actual figures are not generally discounted. Specific facts, when stated, have their full weight and effect.
This is very important to consider in written or personal salesmanship. The weight of an argument may often be multiplied by making it specific. Say that a tungsten lamp gives more light than a carbon and you leave some doubt. Say that it gives three and one-third times the light and people realize that you have made tests and comparisons.
A dealer may say, "Our prices have been reduced" without creating any marked impression. But when he says, "Our prices have been reduced 25 per cent" he gets the full value of his announcement."- From "Scientific Advertising" by Claude Hopkins (written 1898, published 1923)
- bliznutty0
people want see the fact that all this $$ going into private hand's as the main problem with the bailout.
please understand that the essence of borrowing is the main issue here - hyperinflation and bankruptcy
if it weren't for taking money out of thin air - we would not be at war b/c we can't afford it - easy to see most problems originate monetarily