Bailout 9: Paulson's Plan
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- Опубліковано 26 вер 2008
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What Paulson wants to do and why I don't like it.
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Hi, incredibly helpful video.
I love your work.
Thanks for the content.
Paulson's bailout is almost identical to the what the Japanese did 20 years ago. Look into how that turned out. We need to get capital flowing back to the real economy. Pumping money into zombie banks with shrinking assets won't help (and will only suck money from real projects)
@joehlbm
He said in previous videos that the smelly CDOs are specifically packaged to contain the highest-risk mortgages that are likely to default
TARP (The Troubled Asset Relief Program) or formally know as the Wall St. bailout.
Kerpal - the problem with raising the FDIC limit is that it doesn't really solve anything. It merely means that when the banks DO fail, the federal government must BORROW MORE from the federal reserve in order to meet its obligation. The result is the devaluation of currency. Just look at what has happened to the value of the dollar recently, especially when compared to Asian currencies.
Although I must admit that this is better than handing over $700B to cover bad risk by foreign investors.
UDN or really if you think the dollar is going to become worth less buy DGP as gold goes in the inverse to the dollar.
Recently I made 30% gains with DGP as the dollar plunged from its 88 high down to 78. Glad I sold yesterday as it looks as though we aren't done with this deflationary picture.
what is this program?
It seems like we could have simply doubled the mortgage interest tax credit to artificially reflate the housing market for a lot less money because it would have given the banks time, and lots of fresh capital in the form of new loans to 1/3 of Americans who own their homes outright would take out a small loan merely to bank the money. We could then phase that out over 50 years or so until their the credit no longer exists. That would help pay for it.
Khan for fed chair!
You won't be wiped out because your deposits are FDIC insured.
Concur
I say the government should loan directly to the small business and AAA corporations; and keep the banks out of it.
But this is what the progamme was designed to do
also but bushes suck too haha
They can't liquidate D's assets? Maybe they can try liquidating doze assets?
Thank you. I'll be here all week. Be sure to tip your waitress.