View Full Version : The Bailout. What is it?

02-10-2008, 21:00
Don't understand why there's a financial crisis in process?
Why people are withdrawing their savings from banks?

YouTube- $700 billion is nothing

Anyone disagree? where exactly?

02-10-2008, 22:34
Paulson gets on his hand and knees and begs for the bail out.
Paulson was CEO of goldman sachs for 7 years.
Goldman sachs was likely to be the next bank in trouble.
Paulson was likely paid in large parts by stock.
Is this bail out set up to help out Paulson and his mates from losing more money?
Why didn't they do the bail out before Bear Stearns collapsed?
The US government has taken over Fannie Mae and Freddie Mac and AIG.Now with this $700 billion bail out the US government will buy up loads of bad debt from banks..
US government will have even more power over its citizens,so much for the land of the free.
It's good to see many American's protesting over this bail out,sorry to say it wont do them much good.

This $700 billion is the just the start, about $2 trillion will be needed.