US economy going down? Will it recover? - THE US Financial Crisis.

[chad_tukes]

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I just read the specifics of the new bailout program ... folks.. those who are here in the US and paying taxes - we are on our way to hell.

i was just watching Meet the Press this morning and their guest was Mayor Bloomberg of NYC. he said this financial crisis will affect us short term, but long-term, we should be in pretty good shape.

[EZRA]

The problem is not the financial crisis anymore.. the problem is the BAILOUT programs these idiots are proposing. The taxpayers are ALL getting screwed like the Empite State building is being shoved up our butt.

HERE IS THE PROPOSAL: FOXNews.com - RAW DATA: Text of Financial Crisis Legislation - Politics | Republican Party | Democratic Party | Political Spectrum

Ang ordinaryo nga taw nag tuo nga $700 billion ra ni ang bailout, pero dili tanan ang naay idea to what really is going on. Sky is the limit ni bai and the entire bill constitutes a giant money-laundering scheme.

Awa: Paulson can (and presumably will) buy up to $700 billion of these "assets", then sell them. Let's say he decides to buy them at 60 cents on the dollar and sell them for 10. You, the taxpayer, will eat the fifty cents, for an immediate cost of $350 billion dollars. Having done so, he is then authorized to do so again, kay ang $700 billion is no longer on the government's balance sheet.

In fact, he can do this without limit, - bisag kapila balik balikon!!! other than possibly due to the federal debt ceiling, which of course Congress will raise any time we get close to it. Oh yeah, this bill does that right up front too. No need to bother with it the first time around.

Bai, $700 billion isn't even close ug pila gyud ang potential nga magasto nato ani iyang proposal.
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Here's one person said sa usa ka finance forum - and I totally agree with him.

If Paulson and his successor decide to, they could literally cycle all $5.3 trillion of Fannie and Freddie's debt through this scheme, potentially sticking the taxpayer for 20% or more of the total, plus as much private debt on various bank balance sheets as they can manage to nationalize until (and possibly beyond) the point where the bond market tells him to go to hell.

ANOTHER THING!!! Paulson: Foreign banks can use U.S. rescue plan | Reuters

Liman ka ana? EVEN FOREIGN BANKS can unload their toxic assets on PAULSON'S proposal at our expense!!!! Again - we are all going to hell.

[ian_1983]

But i think its much better than not doing at all.
And also included in the 700Billion bailout is a 2nd stilumus package..
we shall see this week if this whole thing pass through congress.!!

[ieuseerm]

i don't trust paulson's decision-making.

[brad]

we dont know whats gonna happen to the us economy. right now its at the bottom of the toilet bowl .

one of the loan contract or bailout agreements to ailing companies is to control the bonuses of the officers and should no bonus at this time.

[LytSlpr]

I just read the specifics of the new bailout program ... folks.. those who are here in the US and paying taxes - we are on our way to hell.

bail out of their mistake fueled by greed at our expense.

guess we won't be expecting any refunds this year, if naa man gani, delayed siguro.

BTW, medicare also has a trillion dollar problem according to Time Magazine and ALL the presidentiables are mum on the issue nor mentioned a concrete, working plan to salvage the financial deficit. boink!

[EZRA]

LYTSLPR: bai, both OBAMA and McCAIN have no idea what to do about this crisis. OBAMA is for the bailouts and he even mentioned about PAULSON being an instrument during and even after the transition. I haven't heard about McCain's side.

PAULSON is going crazy... he wants this country to be a Socialist Republic of some sort.

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If any of you guys have no idea what this new bailout is all about - read it, it'll scare the hell out of you.

[ByouH]

i think its just a drama and all =0)

[secret tool]

in my own thought,one big reason why down ang us economy,kay banks are not strict in their mortgage ,they right away allow tons of thousands to be given to people,they grant mortgages not knowing if he/she is capable in paying the mortgage,if he/she is creditworthy.US real estate business now is getting slow.

[vienzel]

i think its just a drama and all =0)

how can u say this is all drama? to think ang mga taw karon dri ky nagkabuang na pangita paagi mabuhi! dili ra bya ni dri sa US ma-contain, ky chain reaction bya ni...

well, on the brighter side bilib lang ko sa coolness imo gi-portray i wish i can be that too!