Is giving 700 billion to bail out the banks like using gasoline to put a fire out,and will only ignite other Wall Street bailouts on taxpayers money?
by 
jin jang
ANSWERS: 3
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I think the idea behind the financial rescue plan is to pump money into the banks so that they'll start lending again. Something similar was done with Chrysler back in the 70s. When they were ready to go under, the government loaned them money. It was a good move for the long term. It's classic Keynesian economics which calls on the government to intervene in the economy to add stability to what is inherently unstable.
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Yes, it certainly looks that way and still no-one is saying why it isn't. I understand the reasons used to justify the decision but as long as we aren't seeing heads in nooses (for want of a better expression), nothing looks believable.
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I believe so... http://www.answerbag.com/profile/?id=165795
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