Triangel

The Senate has approved a modified $700 billion financial rescue plan just two days after a vote failed in the House.

Triangel

原帖由 feuosma 於 2008-10-3 12:46 AM 發表


Lee3大....你意思係就算今次過到參議院...但係跟住一樣都會過唔到眾議院???

過到又死， 唔過又死

Triangel

Dow falls 348 as investors worry that the House won't approve the $700B plan.
"There's still concern about whether or not the House will pass the bill and even if they do, whether it will be effective," said Ron Kiddoo, chief investment officer at Cozad Asset Management.

"When you restrict credit, you restrict the ability of commerce to grow to its potential," said Gus Scacco

"Banks have a limited amount of capital to dole out, so even if you are a company that is seeing decent growth, you are probably having a hard time getting a loan," he said.

The higher bank lending rates directly impact consumers too, he said, making it hard to get auto loans, or loans for a mortgage or tuition. Credit card companies are approving less people or trimming lines of credit, leaving individuals with less buying power. Consumer spending fuels two-thirds of economic growth.

Bailout: The core of the bill allows the Treasury Department to buy $700 billion in bad mortgage assets from banks, to be held and eventually sold off if and when the market improves. Ideally, with cleaner balance sheets, banks would start lending to each other again, loosening up the nearly frozen credit markets.

Triangel

原帖由 Lee3 於 2008-10-3 05:48 AM 發表


and there is NOTHING on returning the money. Hence the biggest problem. Notice that everyone the report quotes work at high managerial positions. The bailout is intended to give these fkfaces a lot  ...

I can't agree more with your point;
However, nobody on earth has such a big bullet that can halt the crisis except from US Government.
AIG has vanished, and so do many of the banks next door to you will follow.  uc davis will have "Zero" budget for the scholarship.  Students like me have no money to eat in school cafe and cafe owner can't borrow money for the bank and .  
Worst, some freshman can't borrow school loan anymore and want to keep their life style, they might start considering PT dancing at night and weekend.

Triangel

10,607.34       |      ↑124.49  

Triangel

$700B bailout passes
President Bush poised to quickly sign historic $700 billion plan into law.



Woman, 90, shoots self inside foreclosed home
.... telling her story. "This bill fails to address the fact that millions of homeowners are facing foreclosure, are facing the loss of their home. This bill will take care of Wall Street, and the market may go up for a few days, but democracy is going downhill."

[ 本帖最後由 Triangel 於 2008-10-4 02:43 AM 編輯 ]

Triangel

原帖由 Lee3 於 2008-10-4 04:10 AM 發表


That is the root inherent problem OF THIS BILL. THIS IS WHY IT WAS IT WAS BLOCKED IN THE FIRST PLACE.

THE GOVERNMENT IS OUT TO DESTROY ALL NORMAL AMERICANS, BOTH MCCAIN AND OBAMA APPROVED OF IT. A ...

Block 左又 Approve....  
Approve 左又未必好

呢個事世，
做 Student 最好，
乜都唔駛理~

Triangel

原帖由 Triangel 於 2008-10-4 02:24 AM 發表
$700B bailout passes
President Bush poised to quickly sign historic $700 billion plan into law.



Woman, 90, shoots self inside foreclosed home
.... telling her story. "This bill fails to a ...

Fannie Mae forgives loan for woman who shot herself
"We're going to forgive whatever outstanding balance she had on the loan and give her the house," Faith said. "Given the circumstances, we think it's appropriate."

[ 本帖最後由 Triangel 於 2008-10-5 12:21 AM 編輯 ]

Triangel

Dow plummets more than 300 points, falling below 10,000 for the first time in nearly 4 years, as anxiety over global slowdown grows.

Analysts doubt $700 billion bailout will be enough to avert a major shakeout

  
                   最新             | 升跌         
DOW J       9,956.77  |     -368.61

[ 本帖最後由 Triangel 於 2008-10-6 10:24 PM 編輯 ]

Triangel

原帖由 d228216 於 2008-10-6 10:47 PM 發表

get 7000 points in very nearby future.