Comments on: Where Do We Go From Here? http://emac.blogs.foxbusiness.com/2008/09/22/where-do-we-go-from-here/ Fri, 20 Nov 2009 19:57:36 -0500 http://wordpress.org/?v=2.8.5.2 hourly 1 By: chuck http://emac.blogs.foxbusiness.com/2008/09/22/where-do-we-go-from-here/comment-page-2/#comment-3457 chuck Sun, 28 Sep 2008 23:55:09 +0000 http://emac.blogs.foxbusiness.com/?p=178#comment-3457 Yhe question now that congress has gotten itself into with thier economic stabelize act: is this how far down the rabbt hole now have the politicians have traveled? Now their the ones at risk when the actions of unattended consequences play itself out. But what finacial intrustement would the gov't use for these toxic subprime loans? Has anyone examined it? Yhe question now that congress has gotten itself into with thier economic stabelize act: is this how far down the rabbt hole now have the politicians have traveled? Now their the ones at risk when the actions of unattended consequences play itself out. But what finacial intrustement would the gov’t use for these toxic subprime loans? Has anyone examined it?

]]> By: Neil, Daytona Beach Fl http://emac.blogs.foxbusiness.com/2008/09/22/where-do-we-go-from-here/comment-page-2/#comment-3450 Neil, Daytona Beach Fl Sun, 28 Sep 2008 11:46:04 +0000 http://emac.blogs.foxbusiness.com/?p=178#comment-3450 How can congress even claim their paychecks after what they are putting us through...its shameful How can congress even claim their paychecks after what they are putting us through…its shameful

]]> By: Dana Swan http://emac.blogs.foxbusiness.com/2008/09/22/where-do-we-go-from-here/comment-page-2/#comment-3448 Dana Swan Sun, 28 Sep 2008 05:11:26 +0000 http://emac.blogs.foxbusiness.com/?p=178#comment-3448 The total cash reserves that the Federal Reserve keeps on hand is about 900 billion USD. Look it up.... If you are keeping track of the bailouts so far, the total with this new one is about 1.6 triion USD. That means that THEY DON'T HAVE THE MONEY TO TO ALL THE BAILL OUTS!!!! However the bailouts are necessary to to keep the banking system and the economy from falling into a Deflationary Contraction (ECONOMIC DEPRESSION) But, The Goverment is going to create an inflationary disater by doing so...... However, that is preferable to a depression.... The total cash reserves that the Federal Reserve keeps on hand is about 900 billion USD. Look it up….

If you are keeping track of the bailouts so far, the total with this new one is about 1.6 triion USD.

That means that THEY DON’T HAVE THE MONEY TO TO ALL THE BAILL OUTS!!!!

However the bailouts are necessary to to keep the banking system and the economy from falling into a Deflationary Contraction (ECONOMIC DEPRESSION)

But, The Goverment is going to create an inflationary disater by doing so……

However, that is preferable to a depression….

]]> By: Scott http://emac.blogs.foxbusiness.com/2008/09/22/where-do-we-go-from-here/comment-page-2/#comment-3442 Scott Sat, 27 Sep 2008 03:05:54 +0000 http://emac.blogs.foxbusiness.com/?p=178#comment-3442 Madam Speaker, It is with respect that I as an American citizen request that you respectfully recognize that you have single handedly wrecked this economy and resign your position as Speaker of the House. Since you have been Speaker of the House the American Dollar has declined against the Euro and all other world currencies which has caused prices to go up and economy to go down. Your lack of leadership has drawn our nation to the brink of disaster, and I don't think you really recognize your errors or care about our country. Scott Madam Speaker,

It is with respect that I as an American citizen request that you respectfully recognize that you have single handedly wrecked this economy and resign your position as Speaker of the House. Since you have been Speaker of the House the American Dollar has declined against the Euro and all other world currencies which has caused prices to go up and economy to go down. Your lack of leadership has drawn our nation to the brink of disaster, and I don’t think you really recognize your errors or care about our country.

Scott

]]> By: Felix http://emac.blogs.foxbusiness.com/2008/09/22/where-do-we-go-from-here/comment-page-2/#comment-3417 Felix Thu, 25 Sep 2008 12:37:07 +0000 http://emac.blogs.foxbusiness.com/?p=178#comment-3417 As a financially ignorant resident of Main Street I have yet to hear a good explanation for the the bailout. First, the Financial Institution buys a packaged instrument for a certain price and expects a certain ROI. Certainly there must be an income coming in on that instrument.Does this not give some measure of value to the package ? Why must I bail out someone who has acquired more than they can hold on to for a long period of time. If I make a bad investment and have to hold it for better times why are the Financial Institutions any different ? Small businesses fail every day for a variety of reasons and no one is there to help them. Let the free market system prevail and there will always be another to take their place. As a financially ignorant resident of Main Street I have yet to hear a good explanation for the the bailout. First, the Financial Institution buys a packaged instrument for a certain price and expects a certain ROI. Certainly there must be an income coming in on that instrument.Does this not give some measure of value to the package ? Why must I bail out someone who has acquired more than they can hold on to for a long period of time. If I make a bad investment and have to hold it for better times why are the Financial Institutions any different ? Small businesses fail every day for a variety of reasons and no one is there to help them. Let the free market system prevail and there will always be another to take their place.

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