Financial Bailout Agreement Reached

[panamania79 2]

I know I am just silly Canadian Woman but I was wondering where the couple billion dollars is coming from for the bail out??

The taxpayers,as if we didn't have to pay enough taxes already.

[mawilson 2,133]

Reached before McCain could even get there, to "save the day". LOL

[jom 4]

Reached before McCain could even get there, to "save the day". LOL

As of today, nothing has been reached.

I for one disagree with the bailout. The same people who brought us to this mess are the ones fixing it? Its idiotic and plain stupid.

[symbiosis 0]

We (taxpayers) are eventually on the hook for all this, but for now we've got to borrow it from China and Europe. We'll be paying them back for DECADES. Of course, the next shoe to drop is credit card debt. Discover just reported a sharp drop in earnings due to increased defaults. Eventually, we'll be on the hook for that too.

The bottom line: 10 years from now, the U.S. will have ceased to be the world's dominant economic power.

Both parties are to blame, but this administration has had no eyes or ears for anything but their phoney and incredibly expensive "war on terror" (as if one could declare war on fear). if it hadn't been for a useless war in Iraq, we'd have that $1 trillion as a pad right now.

[Trumplestiltskin 5,791]

Harder to get a credit card now too - lenders aren't just going off the credit score anymore... There's more emphasis on actual earnings.

[SpiritAlight 1]

Last week the government made the (general) public panic by saying they it was imperative to take action right away.

A week has gone by.

Has the sky fallen Chicken Little?

Hmmm...

[w¡n9Nµ7 §£@¥€r 123]

Harder to get a credit card now too - lenders aren't just going off the credit score anymore... There's more emphasis on actual earnings.

Which is how it should have been all along.

[Trumplestiltskin 5,791]

Harder to get a credit card now too - lenders aren't just going off the credit score anymore... There's more emphasis on actual earnings.

Which is how it should have been all along.

I thought they'd have figured that out earlier - given how many collections cases go to court. There's a whole industry built up around unpaid debt.

[SpiritAlight 1]

Harder to get a credit card now too - lenders aren't just going off the credit score anymore... There's more emphasis on actual earnings.

Which is how it should have been all along.

Hallelujah!

And what about the integrity of these CEO types who allow things to go so far down that the corporation goes into an abyss?

In other words who "polices" such huge companies?

No need to answer....

A company is in business to make money.

If it loses money then it closes.

What is rocket science about that?

[mawilson 2,133]

We (taxpayers) are eventually on the hook for all this, but for now we've got to borrow it from China and Europe.

From Europe??? #######

Our debt-to-GDP ratio is about 67 per cent. The EU "average" debt-to-GDP ratio is 79 per cent.

Some European countries' debt exceeds their GDP (Italy to name one.)

Edited September 26, 2008 by mawilson