Home › Forums › Financial Markets/Economics › Guess the size and date of the next bailout
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October 4, 2008 at 12:32 PM #281266October 4, 2008 at 10:08 PM #281217CA renterParticipant
How does that work in this bill anyway? If they start off with a $700 billion line of credit, buy some toxic sludge for $350 billion and then turn around and sell that same sludge for $100 billion, does this mean the line of credit is back to $700 billion or is it down to $450 billion?
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That’s what I’m trying to figure out as well.
As they take losses, is that reflected in the total $700B, or is it only $700B in purchases/assets held at a time, and when those assets are sold, it resets back to a $700B blank check?
October 4, 2008 at 10:08 PM #281494CA renterParticipantHow does that work in this bill anyway? If they start off with a $700 billion line of credit, buy some toxic sludge for $350 billion and then turn around and sell that same sludge for $100 billion, does this mean the line of credit is back to $700 billion or is it down to $450 billion?
———————-
That’s what I’m trying to figure out as well.
As they take losses, is that reflected in the total $700B, or is it only $700B in purchases/assets held at a time, and when those assets are sold, it resets back to a $700B blank check?
October 4, 2008 at 10:08 PM #281498CA renterParticipantHow does that work in this bill anyway? If they start off with a $700 billion line of credit, buy some toxic sludge for $350 billion and then turn around and sell that same sludge for $100 billion, does this mean the line of credit is back to $700 billion or is it down to $450 billion?
———————-
That’s what I’m trying to figure out as well.
As they take losses, is that reflected in the total $700B, or is it only $700B in purchases/assets held at a time, and when those assets are sold, it resets back to a $700B blank check?
October 4, 2008 at 10:08 PM #281540CA renterParticipantHow does that work in this bill anyway? If they start off with a $700 billion line of credit, buy some toxic sludge for $350 billion and then turn around and sell that same sludge for $100 billion, does this mean the line of credit is back to $700 billion or is it down to $450 billion?
———————-
That’s what I’m trying to figure out as well.
As they take losses, is that reflected in the total $700B, or is it only $700B in purchases/assets held at a time, and when those assets are sold, it resets back to a $700B blank check?
October 4, 2008 at 10:08 PM #281551CA renterParticipantHow does that work in this bill anyway? If they start off with a $700 billion line of credit, buy some toxic sludge for $350 billion and then turn around and sell that same sludge for $100 billion, does this mean the line of credit is back to $700 billion or is it down to $450 billion?
———————-
That’s what I’m trying to figure out as well.
As they take losses, is that reflected in the total $700B, or is it only $700B in purchases/assets held at a time, and when those assets are sold, it resets back to a $700B blank check?
October 4, 2008 at 11:00 PM #281232kev374Participant[dr evil accent]
One Hundred BILLION dollars !!!
October 4, 2008 at 11:00 PM #281509kev374Participant[dr evil accent]
One Hundred BILLION dollars !!!
October 4, 2008 at 11:00 PM #281513kev374Participant[dr evil accent]
One Hundred BILLION dollars !!!
October 4, 2008 at 11:00 PM #281555kev374Participant[dr evil accent]
One Hundred BILLION dollars !!!
October 4, 2008 at 11:00 PM #281567kev374Participant[dr evil accent]
One Hundred BILLION dollars !!!
October 4, 2008 at 11:31 PM #281247AnonymousGuestBased on historical financial crisis this bailout will eventuall cost the taxpapyers of the US about 21% of GDP or about $3 trillion. I’d estimate the next package is going to be a monster. Over $1 trillion. It will happen before inauguration of President McCain.
October 4, 2008 at 11:31 PM #281524AnonymousGuestBased on historical financial crisis this bailout will eventuall cost the taxpapyers of the US about 21% of GDP or about $3 trillion. I’d estimate the next package is going to be a monster. Over $1 trillion. It will happen before inauguration of President McCain.
October 4, 2008 at 11:31 PM #281528AnonymousGuestBased on historical financial crisis this bailout will eventuall cost the taxpapyers of the US about 21% of GDP or about $3 trillion. I’d estimate the next package is going to be a monster. Over $1 trillion. It will happen before inauguration of President McCain.
October 4, 2008 at 11:31 PM #281570AnonymousGuestBased on historical financial crisis this bailout will eventuall cost the taxpapyers of the US about 21% of GDP or about $3 trillion. I’d estimate the next package is going to be a monster. Over $1 trillion. It will happen before inauguration of President McCain.
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