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because you are all greedy for spending all that money you didn't have and making eveything expensive!!! you are the reason for this!!!!!! Yes, all the greedy irresponsible people like mortgage banks, credit rating agencies, congressmen, Clinton back in the 90s felt everyone should own a home whether they could afford it or not, freddie+fannie mae, Alan Greenspan making interest rates ridiculously low and then leaving the job when he saw what was going to happen, the actual homeowners who could never afford a house to begin with. Homeowners who felt their house should keep going up and greedly took out more loans to put big additions on their house so they could make more money and now are complaining their house is worth less than the money they kept putting into it even though houses were ridiculously over-priced when they were doing it.
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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.
How and when will taxpayers be affected on the 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
A problem for the economy of the new nation was that...?
wealthy loyalists had left america.
How did the House of Representatives vote on the 2008 bailout bill?
They all sat down together and talked about it.
What year did bootlegging start in America?
The 1920's during prohibition
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.
Did the 200 Federal bailout work?
The bailout process has begun. We have not yet seen the end results of the bailout. We may start seeing them very soon. It is too early to comment on whether it worked or not. We can expect some results in the next one or two quarters.
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.
Is the bailout really a bailout?
No, the government is actually investing in America. The government will be purchasing illiquid securities at very attractive prices and eventually make billions of dollars for the American people. Answer: Yes those who were irresponsible are being bailed out - Banks, GM, "home owners".
How much bailout money did FORD receive?
Ford did not receive any bailout money.
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.
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.
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.
