What if the bailout plan doesn't work?

Quote from jordanf:

Won't the money just be created out of thin air? So I'm not sure how good it is.

BTW, Paulson just told the Banking Committee that the 700 billion isn't an expenditure, it is an investment.
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where they get the 700 number from?
 
Quote from dtan1e:

where they get the 700 number from?
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it's a number high enough to line a lot of pockets, and high enough that the taxpayer will try to get it back, and therefore keep shoveling more and more on top of it, 'just to get that 700 back'

classic gambling mindset they're sinking into the poor taxpayer's head

only the txpayer knew they never had a chance to get ahead in the first place, only get losses back
 
Quote from S2007S:

What I dont understand is that many articles and people on cnbc are talking about how there COULD HAVE BEEN A FINANCIAL COLLAPSE AND a severe RECESSION or maybe even depression....

wait all of the sudden talk about a bailout means the economy is fine and everyone doesnt have to worry about the situation were in, this is FAR from over, even if they pass this $700B it doesnt mean a thing, the questions still remain how deep is this credit crisis and how long before its resolved or even if its resolved at all. Nothing has changed the risk of a severe correction in the markets and a financial meltdown in my opinion still remain. This is something that is going to take YEARS and YEARS and YEARS to fix.
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What I would like to know is were is Landis & Makloda? do they still follow you around?
 
Quote from gnome:

When the housing market turns around in earnest, we may get some kind of recovery.

Don't be surprised it that takes until 2012 or 2014... or later.
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Correct. The secular bear market that began 8 years ago will last at least 4 more years.
 
Quote from sho-tim:

“The private sector got us into this mess,” said House Financial Services Committee Chairman Barney Frank (D-Mass.). “The government has to get us out of it.”
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I would've voted for this Barney, before I would've voted for him.

180px-Barney-Fife.jpg
 
U.S. stocks sharply lower as investors look to Fed for rate cut

Tuesday October 7, 3:32 pm ET
By Kate Gibson

NEW YORK (MarketWatch) -- U.S. stocks on Tuesday declined for a fifth session straight, extending a sharp sell-off that has the major indexes trading at or near four-year lows, as investors found little relief in the Federal Reserve's latest steps to ease frozen credit markets.

Equities remained sharply lower as minutes from the Federal Reserve's last formal meeting revealed rate cuts were put on the table at the mid-September gathering, and after Fed Chairman Ben Bernanke in a speech opened the door for a possible interest-rate cut soon. See details.

Earlier, the Fed announced it would buy unsecured commercial paper in an effort to restart a market that has virtually shut down in recent weeks. Read The Fed .

"Despite its scale, the Federal Reserve's massive injection of financial liquidity of late and its announcement of a new facility that will purchase commercial paper is not registering with investors who appear to be clamoring for interest rate cuts instead," said Tony Crescenzi, chief bond market strategist at Miller Tabak & Co.

http://biz.yahoo.com/cbsm-top/081007/53108427158d1011ef72e6a4d42d515f.html
 
What if the bailout plan doesn't work?

Ah, nothing to worry about. Our good government will look out for us.
They know what they're doing. :p :eek: :p
 
We have two problems, and until you realize it we are doomed.

1) not enough public hangings

2) not enough public hangings
 
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