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Posted: Tue Sep 23, 2008 11:06 am Subject: 700 Billion bailout ...

Does anyone think that the 700 Million Bailout for the financial companies will be a good thing or a bad thing?

Does anyone think that the CEO's of the companies should or should not receive their severence packages?

The above topics were HOT on all the radio shows today so I thought I'd ask those who might be even more adversely affected by this mess what they thought.

Posted: Tue Sep 23, 2008 7:49 pm Subject:

the answers to your questions #1, bad thing Evil or Very Mad

, #2 should not receive they have ripped people of money for ages Twisted Evil

Posted: Wed Sep 24, 2008 2:51 am Subject: debt

I feel alot of these companies din't help 'us' when we needed help. And now.........THEY are in trouble and want someone to help them?! What kind of sense does that make? What do 'you' think will happen if these Finance Companies DON'T get help? This economy is crazy now-a- days.

Posted: Wed Sep 24, 2008 6:27 am Subject:

small (well, I meaqn HUGE) correction... it is 700 BILLION, not million.

I don't think they should get a dime from the government (Us!) and the CEO's should not receive anything. They were in charge of the company, and if the company failed, they should hurt.

Posted: Fri Sep 26, 2008 7:25 am Subject: debt

I agree. THEY are falling apart now. Where were THEY when some of us were falling apart? Alot of us are struggling now. I don't think we should give these companies any money, or bail them out in any way, if WE are having troubles. THEY said "no, we won't help you,", ..NOW WE should say "no".

jose · Posted: Thu Nov 06, 2008 6:46 pm Subject: bailout

yes it's 700 billion not million

In favor of bailout · Posted: Fri Nov 07, 2008 8:14 pm Subject:

Ya 700 billion is a big amount. And bailing out those financial institutions out of the mess which cropped up due to their own fault seems to be preposterous.

But you like it or not, I support this bailing out move. Why? Let me explain it in brief: -
Financial Institutions are one of the basic source of finance for all industries. If these institutions gets into trouble then the free flow of capital availability gets disturbed. It consequently affects the expansion of industries which are again the driving force of an economy.

Thus to bailout the economy from this deep recession, the industrial sector needs a major boost. This push up can only come if our financial market jumps back to its winning spree. And don't forget that the soul of financial market are its financial companies.

That's why I support this bailout cause.

Posted: Fri Nov 07, 2008 8:21 pm Subject: reply

fine,but if these financial institutions don't change or make there services easier to get.then the bailout does no good.

In favor of bailout · Posted: Fri Nov 07, 2008 8:28 pm Subject:

what type of change do you wanna see in these financial institutions? Are you talking about their policy of giving subprime mortgage?

Posted: Fri Nov 07, 2008 8:31 pm Subject: reply

any credit period.when credit cards are slashing limits on people who have never been late.or raising there interest just because that is not good.the bailout should stop that from happening.

In favor of bailout · Posted: Fri Nov 07, 2008 8:54 pm Subject:

Yes you are absolutely right. The situation in which they are in is due to their own fault. And now they have become cash strapped and thus taking extreme measures (mainly adversely affecting the consumers) to get a grip on their business.

Now, this bailout only helped the companies to remain floating, ie. helped them to avoid bankruptcy. But a private institution runs from the motive of profit. And that's the reason why these finance companies are taking sterner steps to increase profit margin.

In favor of bailout · Posted: Fri Nov 07, 2008 9:12 pm Subject:

But I also wanna mention that what I just said is from the supply side of the economics (including more production, channeling more funds into the system, etc, etc.).

But there is another side of the economy too, which is the demand side. And what you've said about the credit crunch is affecting the consumers and thus reducing their purchasing capacity. This is a very bad trend. If consumers don't buy things then what's the meaning of producing commodities?

So, I think government must infuse money in the system so that it reaches the general mass and thus increase demand.

In an economy both supply of commodities and their demand are necessary. So, in addition to bailing out the financial institutions from red, government should take appropriate steps to generate demand in the economy.