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Will the 700 billion dollars for the bailout come from China?
The bailout did not get through Congress, but no, the money would come from the US taxpayers. Update: The bailout did pass, and the money is coming from the Treasury and Federal Reserve. This could be argued to suggest the money is coming from the taxpayers.
Define the 700 billion US bailout plan?
Much of it is still evolving. Suggest you review wikipedia under bailout plan.
How much money would the bailout plan need?
There are 9.4 trillion dollars in sub prime loans. Present plan is to give $700 billion (not million) to wealthy wall street banks as a gift. But this is might take 14 more bailouts to buy all the subprime bad investments. By then, inflation will have taken over the economy, the dollar would be worthless, and gasoline would have tripled. The U.S. House of Representatives has passed the revised version of $700 billion bank bailout plan intended to bolster the ailing U.S. financial system.
What is the 700 billion dollar bailout?
The answer that Warren Buffett gave on CNBC the morning of Sept. 24, 2008 makes sense to me. The bottom line? The bailout is necessary and will probably end up making money. This answer surprises most people and here is the reason. First, the word "bailout" creates the wrong mental picture. Bailout sounds as if the government is going to dip into an existing pool of money, thereby depleting our resources, then give it to individual Wall Street firms as a business grant. This is not what is happening. The 700 billion dollars is not an expenditure at all, it is instead an investment for asset acquisition. The money will be used to purchase existing assets at currently depressed prices and later sell those assets at higher prices. This is why Warren Buffett said on CNBC that he wished he personally held the cash to do this for himself. Only the government, however, has enough capital to do this deal. The deal, however, is attractive as a pure investment.
Is the 700 billion bailout supposed to be bailing America out of financial trouble?
Yes and no. Completely out of "financial trouble"- well probably not. The intent is to restore the credit markets through mortgage backed security purchases. Obviously, the approach is controversial. See Wikipedia for Bailout deal with many links.
What will the 700 billion dollar bailout solve?
It will solve the economic crisis that has affected the US and the whole world
What is Hank Paulson's connection to the US government's 700 billion dollar bailout?
Henry (Hank) Paulson is the Treasury Secretary of the United States. He was formerly the CEO of Goldman Sachs. The massive $700 billion dollar bailout is his plan to help save the failing banks and lending institutions in the United States.
Where did the money miraculously materialize for the 700-million-dollar bailout in the US?
It comes from the US Treasury...
Will the 700 billion dollars for the bailout come from China?
The bailout did not get through Congress, but no, the money would come from the US taxpayers. Update: The bailout did pass, and the money is coming from the Treasury and Federal Reserve. This could be argued to suggest the money is coming from the taxpayers.
Where did the 700 billion dollar bailout come from?
For Vietnam, that wasn't a bail out; that was defense spending. And US tax payers pay for everything.
Why did the Senate approve the 700-billion-dollar bailout in the end?
Because our free market has failed, our republic has failed, and the will of the people is ignored by a corrupt government.
Define the 700 billion US bailout plan?
Much of it is still evolving. Suggest you review wikipedia under bailout plan.
Should the US government cut spending after the 700 billion dollar bail-out goes through?
If the bailout package is able to successfully revive the US economy then the US government should cut spending on the bailout. But some financial experts feel this 700 billion may not be sufficient. If what they predict becomes true then the government would have to pump in more cash into the bailout package. This bailout cannot be left in midway because the future of the world and US economy lies predominantly on this bailout and people are hoping that this works out successful.
What date was the 700 billion bailout passed?
The bailout was passed by the House of Representatives and signed into law by the president on Friday October 3, 2008.
What is the cost of government bailout?
Congress says 700 billion dollars, but no one knows for sure.
Do Americans have any vote in this 700 billion bailout?
Directly NO Indirectly YES (Because the people elected by the citizens of USE were the ones who created this bailout plan)
What does John McCain say about the US government's 700 billion dollar bailout on Wall Street?
He would do anything in his power to save America's economy. This contributor feels that Barack Obama's remarks about the $700 billion bailout were positive but incorrect.
