Are you reassured that the 700 Billion Dollar bailout is in the country best interest after President Bush's address to the nation tonight?
by 
Blackope-Knowledge is Power
ANSWERS: 3
-
700 Billion isn't the answer it only delay's the inevidable. The market is going to crash, regardless of the 700 billion, this will only slow things down.
-
I'm not the least bit reassured. There is an interesting article in the online Wall Street Journal today comparing the Treasury's plan to Warren Buffett's investment in Goldman Sachs. I'll vote with Buffett. Treasury's plan doesn't involve the raising of equity or the condition of other assets on the balance sheet-all Treasury is doing is using taxpayer dollars to buy underperforming/underwater assets, establish a bureauracy to manage them and then sell them for what they can. With a trillion dollars we could invest 20 billion dollars in a 50 funds for each of the 50 most needed areas in the country. Interest alone could generate a Billion dollars a year for each fund-forever. Think of what your community, or those less fortunate, could do with a billion dollas a year. Insuring money market funds isn't a good idea either-that's not the pupose of the funds. The government is compeating with itself! Incidentally, I'm a liberal Democrat with an MBA in finance from a top-10 business school.
-
I am not reassured at all, it is a pain killer which will last a short while. Then it will all come back like most bad things do and the money will be lost. I only hope that the House Members will keep their opposition up and demand answers no blank checks for anyone.
RELATED QUESTIONS
Copyright 2023, Wired Ivy, LLC