OMG - America says "No!"

posh*spice

rchddap1 wrote: »

Give me a time machine and I'll let you know what happens.

I always wanted a "jaunting belt"

rchddap1

Whatever works for you. I assume you have one handy?

sabretoothtigger

posh*spice wrote: »

Not everyone thinks the bailout is a good idea. It's that "rear view mirror" thing again isn't it? Does anyone have a definite opinion on the bail out - for or against?

Bail out is the wrong idea, its more like an oil spill and it shouldnt be left to make a mess of everything in sight. Blaming or punishing the cause of the problem should be done afterwards and political point scoring is most pathetic of all

Isolate the debts from the free marketplace so normal business and consumers can regain access to credit lines needed for a normal capitalist economy. Tax the banks for the cost of servicing the debt till it is paid off, no more 'free' money

Gorgeous_George

I'm a Methodist but have just enjoyed lasagne, baked potato and side salad.

Now for a Newcastle Brown and some football on TV.

GG

posh*spice

rchddap1 wrote: »

Whatever works for you. I assume you have one handy?

I wish - a childhood fantasy and an adult one - especially when stuck in "cattle class" on a long haul flight;)

posh*spice

sabretoothtigger wrote: »

Bail out is the wrong idea, its more like an oil spill and it shouldnt be left to make a mess of everything in sight. Blaming or punishing the cause of the problem should be done afterwards and political point scoring is most pathetic of all

Isolate the debts from the free marketplace so normal business and consumers can regain access to credit lines needed for a normal capitalist economy. Tax the banks for the cost of servicing the debt till it is paid off, no more 'free' money

I think you are probably right. I was just thinking earlier;) that the "don't do its" haven't done a very good job at putting across their arguments. What's the down side of the "bail out"?

PS I like the oil slick analogy

Yo 2 nil for the Arsenal - Adebyors the man

fc123

sabretoothtigger wrote: »

Isolate the debts from the free marketplace so normal business and consumers can regain access to credit lines needed for a normal capitalist economy. Tax the banks for the cost of servicing the debt till it is paid off, no more 'free' money

Am I missing something here??
Isn't the whole problem from too much credit?
Back to normal could mean the whole cycle starts all over again?
Perhaps businesses and people will need to fund themselves from earnings instead?

I feel that it may be time to start doing things in a different, less complicated way.

rchddap1

The first issue is to get things moving again so that our economies get back to normal....rather than getting stuck in a downward spiral. Then I agree that things need to be put in place to make sure that it doesn't happen again.

mr_magoo_5

I have a feeling that it may not pass as the American public are so against it,
especially with an election coming. Apparently the representatives are getting bombarded with voters demanding they vote it down. I suspect arm twisting in the lobby won't get these guys to change their mind when their seat is at stake.
They can come up with something else, after all the world didn’t end today.
Irish Government did a sensible bail out today; something along those lines would probably be ok
If the financial system is so rotten, why back it up for more of the same later?
Brown wants change, so lets have it now.

sabretoothtigger

Obviously the markets need reforming but thats not the immediate problem and Im not in favour of all ties to the bad debt being forgotten, paying for its eventual expense will cost years to come.

I think the main objection is the industry pays for this not the taxpayer but Ive yet to hear who is responsible in usa bill. The b&b cost will be borne by banks and no doubt they will in turn charge consumers more for credit

Either way the only people with hundreds of billions 'spare' are governments. FNM doubled the usa national debt if i remember right

It was said earlier that the boe purchase of AAA mortgage debt and other help allready exceeds the usa bill cost


I think they'll pass it with some revisions