Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
700 bil. bailout !!!!!?
1. why should the public pay it?
2. why cant the refinance the loans for what is owed on the houses, an lower the payments?
3. do we really need to put the public 10,000 per person in debt, when we can barley afford the bills we already have?
4. why are the CEOs of these company's getting to keep there jobs?
5. is this real money or just projected loss's?
6. can the company's still foreclose an get twice the money on these houses?
7. why cant they give the mortgage companies a incentive to refinance the loans?
all i can think of right now
the news said the money is the values, of the morgages that are traided on wallstreet, an that they will loss money because the value of the house's are dropping an an the morgages are for more then the house's are worth, they dont bail out the stock market because they bought a stock for 10.00 an now its worth 7.00
billions are made an lost everyday on wallstreet!! thats the price of playing the market!!
the news said the money is the values, of the morgages that are traded on wallstreet, an that they will loss money because the value of the house's are dropping an an the morgages are for more then the house's are worth, they dont bail out the stock market because they bought a stock for 10.00 an now its worth 7.00
billions are made an lost everyday on wallstreet!! thats the price of playing the market!!
3 Answers
- 1 decade agoFavorite Answer
No to the bailout! The financial institutions paid over 70 bil in dividends.
This would give them the ability to lend between 490 bil and 700 bil, almost the amount we are being asked to back.
- fredeliaLv 45 years ago
bill receives the most suggested reaction hence far imo. to operate to that this bailout is all about restarting the U. S. customer, both through enablement and perceived self belief that the economy will advance. The $700B passing would pass some distance in the course of restoring self belief. the documents of the plan will want documents further, yet this turns into an funding, paying for deeply discounted paper then reselling at better fee later. some paper would properly be completely valueless, notwithstanding the guess is that the recoverable loans will better than make up for the losses -no guarantees in spite of the truth that. this isn't compared to what takes position in the own sector the position undesirable loans are resold to sequence businesses. actually inner most sector do not have the money to have the funds for any such purchase order -our treasury has the money (after a touch borrowing -Fed cost reduce - dollar weakens). aside: i ought to really see US make investments $700B in hopes of helping our economy, than proceed spending $10B/month in Iraq. Over $700B has been spend there and we do not anticipate any tangible go back.
- Anonymous1 decade ago
It's all a sham. Save the big guy, while at the same time foreclose on thousands of the little people. This is just one huge profit on someone's pocket - wouldn't surprise me in the least if Bush won't stockpile that cash on his 700 acre farm in Argentina for his little retirement nestegg. Can't trust anyone to say anything truthful anymore. No one is looking out for anyones WELL-fare. Sad world.