Article

2008-11-26 Home Front Economy

U.S. Plans $800 Billion in Lending to Ease Crisis

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Posted by tipper 2008-11-26 06:51|| || Front Page|| [11136 views ] Top

#1 I want my fair share. That's about $2400. I'd like that in twenties, please.

Posted by Richard of Oregon 2008-11-26 08:20|| 2008-11-26 08:20|| Front Page Top

#2 It's important not to overload the printing presses---just saying.

Posted by g(r)omgoru 2008-11-26 09:11|| 2008-11-26 09:11|| Front Page Top

#3 Taxing the ants to feed the grasshoppers.

Posted by Darrell 2008-11-26 10:21|| 2008-11-26 10:21|| Front Page Top

#4 I guess we won't be hearing much about "corporate welfare" anymore, eh?

Posted by Grenter, Protector of the Geats 2008-11-26 10:36|| 2008-11-26 10:36|| Front Page Top

#5 "Easing the crisis" is the best result we can hope for. There is a huge bill yet to be paid for the Kredit Kool Aid party of 1998-2008. Please keep in mind that debts which cannot be paid shrink the money supply, and that no one knows how many debts have gone under, and how many will go under.

Posted by Anguper Hupomosing9418 2008-11-26 13:36|| 2008-11-26 13:36|| Front Page Top

#6 1 Trillion divided by 300 million (America's population) gives $333,333,333.33
Think of it as three hundred,thirty three million per person, every single Man Woman and Child.

Posted by Redneck Jim 2008-11-26 14:03|| 2008-11-26 14:03|| Front Page Top

#7 1 Trillion/300 Million is about $3300

Posted by Chris in Fort Worth 2008-11-26 15:08|| 2008-11-26 15:08|| Front Page Top

#8 RJ ran out of fingers and toes.

Posted by Deacon Blues">Deacon Blues 2008-11-26 19:33|| 2008-11-26 19:33|| Front Page Top

#9 *snort*

Posted by Frank G">Frank G 2008-11-26 19:36|| 2008-11-26 19:36|| Front Page Top

#10 And whose ass do they propose to pull the $800 billion from?

Posted by ed 2008-11-26 19:44|| 2008-11-26 19:44|| Front Page Top

#11 1040 Supplement

Line 1: Got your $2400 yet?
Line 2: Good, send it back to us
Line 3: No? We don't believe you
Line 4: Send penalty and interest

Posted by KBK 2008-11-26 22:44|| 2008-11-26 22:44|| Front Page Top

#12 Dumping capital into the markets is NOT a solution. It is a temporary bandaid. Once that capital is burned through, they will just need more unless something is done that creates VALUE.

Home equity was the dominant driver in the markets with things like mortgage-backed securities being purchased by banks around the globe and people using home equity loans as an ATM card for "durable goods" purchases, vacations, and tuition. Simply dumping capital into the markets won't do anything long term unless something is done to increase the value of some other investment.

Maybe something like eliminating capital gains tax altogether would spur investment and raise the value of corporate equity.

Posted by crosspatch 2008-11-26 23:16|| 2008-11-26 23:16|| Front Page Top

23:55 djh_usmc
23:48 phil_b
23:47 g(r)omgoru
23:25 Whiskey Mike
23:16 crosspatch
23:09 ed
23:04 Anonymoose
23:03 Fester Creanter3194
23:02 Frank G
22:53 crosspatch
22:44 KBK
22:40 crosspatch
22:39 phil_b
22:36 crosspatch
22:30 Seafarious
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22:08 linker
22:01 phil_b
21:53 Linker
21:53 Verlaine
21:48 tipper
21:47 Linker
21:40 DarthVader
21:37 Old Patriot