To help make a choice I have To help make a choice I have selected some of the arguments for and against, that I managed to glean from the internet. They do not reflect my views, and I would encourage anyone to add or subtract from the list, but PLEASE be brief, avoid emotive words, and be as impartial as possible.
Arguments against:
Grants too much power and authority to the Treasury
Huge cost to the US taxpayer
Rewards companies for bad decisions
Favors wall street, neglects main street
Prevents market forces from exorcizing weak companies
Problem too complex for quick fix
Long term effects bad
Valuing assets very difficult, could hurt tax payer
Arguments for:
Stimulates inter-bank lending to free up credit
Doing nothing will create a worse situation
Removes toxic loans from banks
Urgent action needed to avert disaster
Housing, motor vehicles, and contracting, collapse
It isn’t actually a bail out, more like a rescue plan
Pay back for high federal tax on financial services
Tax payer stands to gain from eventual sale of assets
svelte
September 24, 2008 @
5:06 PM
Something is needed, but I Something is needed, but I don’t think we’ve heard any very good plans yet. A couple of more weeks of debate and we’ll probably hit upon something good.
As spooky as this all is, it is also very intriguing to watch.
September 24, 2008 @ 3:13 PM
http://www.fedupusa.com/
http://www.fedupusa.com/
September 24, 2008 @ 4:29 PM
To help make a choice I have
To help make a choice I have selected some of the arguments for and against, that I managed to glean from the internet. They do not reflect my views, and I would encourage anyone to add or subtract from the list, but PLEASE be brief, avoid emotive words, and be as impartial as possible.
Arguments against:
Grants too much power and authority to the Treasury
Huge cost to the US taxpayer
Rewards companies for bad decisions
Favors wall street, neglects main street
Prevents market forces from exorcizing weak companies
Problem too complex for quick fix
Long term effects bad
Valuing assets very difficult, could hurt tax payer
Arguments for:
Stimulates inter-bank lending to free up credit
Doing nothing will create a worse situation
Removes toxic loans from banks
Urgent action needed to avert disaster
Housing, motor vehicles, and contracting, collapse
It isn’t actually a bail out, more like a rescue plan
Pay back for high federal tax on financial services
Tax payer stands to gain from eventual sale of assets
September 24, 2008 @ 5:06 PM
Something is needed, but I
Something is needed, but I don’t think we’ve heard any very good plans yet. A couple of more weeks of debate and we’ll probably hit upon something good.
As spooky as this all is, it is also very intriguing to watch.