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Ginger

What do you think that the bailout is going to do? How much do you know about the plan?

Do you understand it?
Bewitched:

My guess is that most people do NOT understand it, but are against it nevertheless. I suppose they would rather see a 21st century depression.

Buwanna:

Entirely? I haven't read the whole thing, so no, I don['t understand all of it. However, I do understand the basics. Essentially, the government assumes control over the companies in question, and Treasury has the authority to purchase $700 billion defaulted assets at a time. Note that "at a time" bit, because this "$700 billion bailout" could cost us subtantially more than that.

The bailout will put the government inde facto control of our financial structure, as they assume control over key players within it.

It will cost taxpayers a bundle and MIGHT alleviate the immediate problem, but the long-term consequences will be devestating. IMHO, of course.

Ginger:

Thank you for your answer.

Bewitched:

What happens without a bailout?

Buwanna:

Well, without a bailout, then market forces will have to correct the situation. Other entities will be formed to collectively assume the mantles dropped by the dying organizations. Housing prices will undergo a downward correction to stabilize.

In other words, we take a hit and are hurting. But at the end of the day the markets re-stabilize and life continues.

Look, life isn't stable, it's a series of ups and downs. Ditto the financial markets. Trying to flatten out those curves simply guarantees that the hit, when it finally comes, will be a huge one. The Feds can't stop it forever.

Susan:

I BELIEVE,THAT THIS PRESIDENT BUSH BAILOUT PLAN,IS ABOUT AS REALAN TRUEFUL AS THE REASON WHY PRESIDENT BUSH GAVE TO GO TO WAR WITH IRAQ.I HAVEN"T HEARD A REASON FOR THIS 700BILLION BAILOUT...........HUMMMMMMMMMM I WONDERS WHY?

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