tag:blogger.com,1999:blog-1721411678679262554.post7815965567185149061..comments2023-07-26T04:02:28.934-05:00Comments on Political Beast: The Financial Bailout and its ImplicationsAjaz Haquehttp://www.blogger.com/profile/05161750705000560630noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-1721411678679262554.post-2746264981255235352008-09-23T22:51:00.000-05:002008-09-23T22:51:00.000-05:00peteThere is absolutely no doubt that damage cause...pete<BR/>There is absolutely no doubt that damage caused by Bush and his bunch of war criminals to America and the rest of the world is enormous and perhaps irreparable. And yet 40% of Americans are prepared to vote a Republican into office. Isn't that just amazing?Ajaz Haquehttps://www.blogger.com/profile/05161750705000560630noreply@blogger.comtag:blogger.com,1999:blog-1721411678679262554.post-58484318748991158942008-09-23T22:45:00.000-05:002008-09-23T22:45:00.000-05:00This unprecedented money-grab by Big Finace at the...This unprecedented money-grab by Big Finace at the expense of the American Taxpayer is criminal. Let those greedy companies that have profited for years with outrageou fees, high payments and shell-game accounting take the losses. There is no financial crisis. Mumbles Paulson & Helicopter Ben are mouthpieces for Big Finance and lie routinely. Americans are smarter than this and should vote this Nov. accordingly. This is but another failure of the worst period of American history in my generation thanks to Bush. He is a historical failure - college, military, business & politics. The Bush Administration has hurt this great country more than Al-Quida can ever do. Absolutely shameful ..... and sad.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1721411678679262554.post-76828041223563508202008-09-23T16:54:00.000-05:002008-09-23T16:54:00.000-05:00dwrightsmanYou make an absolutely valid point. How...dwrightsman<BR/>You make an absolutely valid point. However, the problem with loaning money to banks is that under the Basel formula their capital requirement goes up even more and as is they are short of capital. Buying toxic assets provides them liquidity without increasing capital requirements and allows them to continue with the lending business without which the credit system could freeze up.<BR/><BR/>Also, it depends what price Treasury buys these assets. If these are (say) 20-30 cents in the dollar then there is a chance the tax payers could ultimately make a profit. But there is no guarantee of that, hence tax payers are indeed at risk.Ajaz Haquehttps://www.blogger.com/profile/05161750705000560630noreply@blogger.comtag:blogger.com,1999:blog-1721411678679262554.post-43310248176973757032008-09-23T16:00:00.000-05:002008-09-23T16:00:00.000-05:00I am opposed to the term bailout. What is good f...I am opposed to the term bailout. What is good for the goose is good for the gander. I believe the entire relief package should be a loan from the tax payers not a bailout. So, the taxpayers cover the loan, the recepients of the loan return the funds with interest to the taxpayers. I know when I am in a financial bind.., if I go to a bank for relief I dont get a bailout, nor is one offered. Why should this situation be treated any differently?Anonymousnoreply@blogger.com