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Concerning the 700billion bailout if you divide aprox.300000000 UScitizens what do you get?
Americanworker
700 Billion is 700,000 times 1,000,000 =700,000,000,000 (yes, that is 11 zeros)
Divide that by 300,000,000 = 2333.3333....
That is basically $2,333.33 for each American citizen.
I wish they would have divided it by the number of Adults of voting age and given it directly to us. =)
Just as a side note, simply giving money to people would have caused a ton of inflation and probably caused even more debt (is it a well known characteristic of the American consumer to have a very high propensity to consume; to the point they spend more than they actually have. In practical terms, it means the $2,333 could have been used to buy a $2,500 TV, etc). The problem at hand was that debt market were illiquid. The purpose of the TARP is to provide liquidity to those assets, not to just give money to people (which, as stated earlier, had a high chance to compound the problem).
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∙ 12y ago
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What were the major economic events 2008?
The Financial Bailout and the Big 3 bailout
What is the latest bailout plan?
The latest "bailout" is the automotive bailout of the Big Three automakers, Ford, GM, and Chrysler. Legislation was introduced on Dec. 8th.
What does bailout mean?
See: http://en.wikipedia.org/wiki/Bailout Bailout refers to the action of helping out somebody in trouble. You can compare the bailout in financial terms to the bail or parol we get for someone in jail. In bailout, a company with strong financial status offers to help a company that is in dire financial needs. Such a scenario is where the stronger company bails out the weaker one.
Why do you need bailout?
1. Bailout is a mechanism to strengthen banks' balance sheet so that their credit rating will not deteriorate thus not requiring to pledge additional asset to creditors. 2. It is also a mechanism to safeguard banks from panic withdrawal from depositors. Bailout comes at a cost (a very huge cost), in dollar term, it was estimated that the whole bailout plan will cost every man, woman and children in the US $2,300. For more information, visit: http://leonardatavism.blogspot.com/2008/09/some-thoughts-for-us-bailout-plan.html for
What is the Meaning of a bailout word?
1. Bailout is a mechanism to strengthen banks' balance sheet so that their credit rating will not deteriorate thus not requiring to pledge additional asset to creditors. 2. It is also a mechanism to safeguard banks from panic withdrawal from depositors. Bailout comes at a cost (a very huge cost), in dollar term, it was estimated that the whole bailout plan will cost every man, woman and children in the US $2,300. For more information, visit: http://leonardatavism.blogspot.com/2008/09/some-thoughts-for-us-bailout-plan.html for
What are the special events that happened in Iraq?
They proabably celebrated the fact that the stupid $700billion bailout plan passed.
What is the financial bailout package crisis?
There is no such crisis as the financial bailout package crisis. the bailout was created to overcome the financial crisis.
How many votes yes for bailout and how many no for bailout?
205 for it and 228 against it.
What were the major economic events 2008?
The Financial Bailout and the Big 3 bailout
What is the latest bailout plan?
The latest "bailout" is the automotive bailout of the Big Three automakers, Ford, GM, and Chrysler. Legislation was introduced on Dec. 8th.
How much bailout money did FORD receive?
Ford did not receive any bailout money.
How will the 700-billion-dollar bailout affect taxes for the US citizen?
Simplly put, they are going to borrow from china and never return it (seriously America's not honourable and they can't pay 2.2 trillion + 700billion) This would be around 2600$ per person and 3-4% per year until they return it(never)if they're so concerned about the market why don't the richest 10% do something with their money to save theirbussinesses177
Who asked congress for bailout?
Specifically speaking, nobody asked for a bailout. Out of the options that were considered to revive the economy this bailout was considered the most effective way and hence it came into existence.
What does bailout mean?
See: http://en.wikipedia.org/wiki/Bailout Bailout refers to the action of helping out somebody in trouble. You can compare the bailout in financial terms to the bail or parol we get for someone in jail. In bailout, a company with strong financial status offers to help a company that is in dire financial needs. Such a scenario is where the stronger company bails out the weaker one.
How much bailout money did citi corp receive?
The Citi group bailout was agreed for $45Billion same as the Bank of America bailout. The numbers about who got what and how they are spending it are pretty much a secret.
Has Ford changed the price of its vehicles since the automaker bailout?
Ford was one of the very few automakers who did not take any bailout money from the government, thus the bailout has not affected their pricing.
What are the release dates for Bailout - 2012?
Bailout - 2012 was released on: USA: 16 December 2012 (limited)
