AIG Bailout Makes for Chaotic Trading Session
AIG Bailout Makes for Chaotic Trading Session
With anxieties still running high even after the government bail out of AIG, the Dow Jones industrial average dropped more than 300 points in midday trading. (Sept. 17)カテゴリー :News & Politics
投稿日 :2008-09-17
更新日 :2008-09-30
投稿者 :AssociatedPress
評価 :4.31
表示回数 :17043
タグ :aig, bailout, chaotic, makes, session, street, trading, wall
コメント:
TheDecidicator 2008-09-30
Well, if these 300,000,000 Americans do not want their 1/3 cents, I'll take them!
And I imagine, so would you...
Well, Bush is not talking about a million dollars here and a million dollars there. He's talking Trillions!
Hopefully, responsible Congressional members will refute his talking...
UncleRico13 2008-09-30
I'm tired of the CONSERVATIVE REPUBLICAN ideal of privatizing profits and socializing costs.
Stop bailing out failing companies. Allow the free market to run it's course. Stop manipulating the Fed rate in an attempt to curb inflation and give a false sense of economic security.
Stop spending ridiculous amounts of money on foreign endeavors that aren't necessary (ie the Iraq war).
Let the free market BE a free market!
NO WELFARE FOR THE RICH!
onstageagain 2008-09-29
About one thing we may be sure. The U.S. deficit and national debt are going to soar. The credit rating of the United States, as this nation of non-savers has to borrow abroad to save its banks, and their banks, is going to fall. We are going to be a poorer nation and people.
billj500 2008-09-28
Soon we will only have one bank and no paper money. Credit will be the only currency and the means by which humans are forced to accept RFID chips. That is how this country can and will fall further.
emforty2 2008-09-28
dude don't be hard on ur self its not ur fault its the greedy bastards that made money their god !
look around you there is no shortage of anything but paper money w/c has no value.
how can this country fall even more that were already flat to the ground ?
xchargersx 2008-09-28
Here is how this bail out can help us all If congress really wants to hepl us they would buy these loans at a discount and make the intrest rate on these loans 3%. That would cut most peoples martgage payment in half (its the high interest that people cant afford). After 8 yrs sell these loans back to the banks. This would revive the economy over night. Call your congress person and demand this be part of the bail out go 2 congressdotorg to get their ph# please copy and spread this message.
BigBadBattletoad 2008-09-27
Blame the Federal Reserve. It's nothing but a system of perpetual debt forced on working US citizens. They bought off senators to privatize our money system,to not back our money with gold, but with nothing but an empty promise. They then made it illegal to own gold. Gold looks like a great buy right now, but when these greedy bankers unleash all of THEIR gold on the market, driving down the value, no one elese in this country will have anything of value...
anyname666 2008-09-27
Are you one of those Boner brains that think that $85,000,000,000 divided between 200,000,000 Americans is $425,000 for each person??? I think most Democrats are stupid enough to believe this.
Did you know that when that evil man Bush allows one million dollars to go here or there that it only represents 1/3 cent from each person in the USA???
15deathblade 2008-09-26
There is still time to safe this country but it is slipping away.
billj500 2008-09-25
Fuck America, fuck it in the ass. I fucking hate this country and want to leave NOW. The problem you ask? Nobody will fucking take me? Why? Because I'm a fucking American! The entire world fucking hates us now because of our fucking government, a.k.a. BUSH. Fuck Bush, Fuck America, Fuck everyone who elected Bush and ruined this country.
15deathblade 2008-09-25
As you can see since a bond is an asset on the books of it owner. That means a bank that didn't even make the original loan would be affect sense they bough a bond back on it. So if the bailout does not happen. More will go insolvent (or bankrupt but bankrupt if just for individual not business). Which will further mean that the availability to gain capital will decrease. Put us in a very long very deep recession. Sorry for the four posts in a row but it is need to full explain it.
15deathblade 2008-09-25
In 1999 was made legal for banks to be investment banks (so do underwriting). Now the selling of these bonds is a credit on the book and loan is a assets. Then early this year was was a house market collapse. This meant that in most case the house was worth less then that loan. So the individual that had the loan couldn't pay the loan. Therefore that bank assets would decrease compared to there liability. So the final owner of the loan could not pay on his bonds decrease there value.
15deathblade 2008-09-25
Subprime mortgage lending is were a bank loan out money to an individual with poor or no credit. These mortgage are often times ARMS (adjustable rate mortgages) Then then lender would sell the loan to another company (lender in this case is an intermediary). The company that bought that loan would then sell what is called a Mortgage back security (ie a bond that is based on a loan). The bonds were then bought by banks (or depository institution like AIG).
15deathblade 2008-09-25
Ok to understand my point of view one have to understand how the system works and what really coused the colapes. back in 1989 there was a market crash, so the feds lowered interest rates (which really just dumps money on the economy). THis couse alot of banks to have a ton of money on there books. Then in the mid 90's there was a political idea to promote low income house. The banks then came up with an idea called (as i sure most of you know) Subprime morage lending.
pjkmik76 2008-09-25
Anybody bother checking how much the war in Iraq is costing American taxpayers too? Yes, over 500 billion dollars. What is another 700 billion folks? I forgot this is a 'me, me, me' country now.
ornelas3830 2008-09-23
am more than competent to debate you in this matter, so let us commence. By the way, I did receive my Bachelors in Business Finance and it involved extensive courses in economics. But first, I would like for you state you claim as clearly and specifically as possible so I may latter handed to you in a silver platter for you to ingest, digest, and excrete the socialistic substance from your anus. Give me your best shot Mr. Economics.
UnconcernedCitizen 2008-09-23
As a descendant of a Revolutionary War Hero (they were all heroes), Im exempt from any further bad news regarding America.
doubleslottedflaps 2008-09-22
the dems have ben in charge for 2 years and did nothing, jimmy carter signed a law that states banks cant red line and janet reno enforced it,greeedy investors flipped houses,loan officers committed fraud,bush & paulson are asleep,republicans have not done anything,throw them all out,put all new in and if they screw up throw em out, stop reelecting the same old bullshit to office, WAKE-UP PEOPLE turn off the fuckin TV and get involved,what washington does affects YOU DIRECTLY,vote AMERICAN
NotOfThisGalaxy 2008-09-22
Does anybody know what Executive Order 11110 is?
mizilus 2008-09-22
Why is it the media just glosses over the causes of this? The republicans suddenly reverse what has pretty much been a foundation of their ideology (deregulation)for some odd reason, and just like Iraq, the talking heads and republicans want to say, "now is not the time for finger pointing. We're here and we have to deal with it."
Well just when is the time for finger pointing? As IF faux newstainment and hate radio arent somehow blaming the democrats 24/7.
qzg1265 2008-09-22
Monday 9/22/08. This farce is working well already. Nice job.
This will obliterate the dollar and hey look at Gold today up $40.00 and climbing and Oil up over $6.00 and climbing from a recent low of $91.00. Citizens of this Country will you please wake up already and finally realize the morons we have elected to office both Democrat and Republican. Do not say Ron paul didn't tell you so.
15deathblade 2008-09-21
Take some econ classes. It basic Supply and demand stuff. If i would to released 2triollion dollar worth of assets on to the market. The market would fail. becuase the value of the whole market would declined. I just increase supply and in doing so lowered price. In this case all stock prices. It would have been so bad that the market wouldn't have opened. They had to do it. I don't like it but it had to happen. Also remember this got started becuase of deregulation, among other things.
15deathblade 2008-09-21
They had to bail them out if they didn't the market would have total collapse. If fact the market wouldn't have even open. Because they wouldn't have know the real numbers. It had to happen. I don't like it ether but being a econ major i do understand why it had to happen.
stanjz 2008-09-21
We put all this emphasis on physical crimes like robbery, but nothing on bigger crimes like this trillion dollar blackmail scheme. Someone physically superior to you can't use that to take advantage of you and rob you, but people more knowledgable than you can use their minds and cunning to take your home and life savings? That's the Bush ad for you.
animeownage86 2008-09-21
So in other words you don't give a shit for all the people who lose everything as a result of them gambling with our futures typical capitalist garbage.