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quote:

Originally posted by ChemEnhanced Canadian Tire Money

http://en.wikipedia.org/wiki/Canadian_Tire_money

quote:

Originally posted by ChemEnhanced throwing money at this problem doesn't help the economy at all...if anything it will make the economy worse.....the value of the US Dollar will drop and will be worth less then Canadian Tire Money

The US government are the only organisation with the cash to take these loans off the banks. Once they've bought it for a fair value (remember these loans are backed by actual property) they can hold onto them until they gain some value.

Unfortunately far too many people have been given the impression this is bailing out Wall Street fat cats. It isn't, it is preventing the economy going into freefall and where nobody can get a loan.

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Originally posted by fbgdavidson Unfortunately far too many people have been given the impression this is bailing out Wall Street fat cats. It isn't, it is preventing the economy going into freefall and where nobody can get a loan.

thank fuck someone else understands this. im getting sick and tired of the regular conspiracy fuckwits parroting their BS absent their economics degrees.

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Originally posted by pkcRAISTLIN thank fuck someone else understands this. im getting sick and tired of the regular conspiracy fuckwits parroting their BS absent their economics degrees.

most people are also too stupid to realize that the US Government could very well end up making money off of this bailout in the end

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Originally posted by XaNaX most people are also too stupid to realize that the US Government could very well end up making money off of this bailout in the end

as has been the case in the past.

personally, they should just give me a few billion dollars of it, I would be so happy then.

yay lets press print in the money factory

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Originally posted by fbgdavidson Anyone else watch the voting in the House then the stock market dive? I couldn't believe my f'in eyes. House following their uninformed constiuents. Bloody idiots, let the economy crumble why don't you?

Guess what if the market was actually a FREE MARKET the government voting a bill should not in any way tie into how a FREE Market is manipulated right? NO WRONG the government has its hands in the FREE MARKET. .

Ontop of that I don't think voting on a bill lets the economy crumble b/c the economy is already fuct, this action in the House is far to late, oh yeah and last week President Bush signed a 600 billion Dollar War Spending bill.

quote:

Originally posted by fbgdavidson The US government are the only organisation with the cash to take these loans off the banks.

Actually US Government is taking loan from Japan to take these loans off the banks.

1.2 trillion in losses.

yikes.

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Originally posted by we_R_DNA Guess what if the market was actually a FREE MARKET the government voting a bill should not in any way tie into how a FREE Market is manipulated right? NO WRONG the government has its hands in the FREE MARKET. . Ontop of that I don't think voting on a bill lets the economy crumble b/c the economy is already fuct, this action in the House is far to late, oh yeah and last week President Bush signed a 600 billion Dollar War Spending bill.

Free market is all well and good in theory, however, sometimes the government needs to interact! Now isn't the time to be cutting off your nose to spite your face and cheering that we've stood by our economical principles as we watch the worldwide economy going into f'in freefall!

I'm not into debating other government spending, yeah, I'd rather see the US out of Iraq but I'm no military strategist so I'm going to stay out of that.

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