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this NEEDS to pass. no wall street = bye bye america. They will plummet eventually to an all time low. They cannot keep the rates up, even as low as they are with energy as it is and the economy the way it is...something has got to give...people cannot get loans in this economy...They have to spur the market, even if if is only for 90 days...90 day window would be good? Why doesn't the government implement things like that instead of using mainstreet to bail out wallstreet....Use wallstreet for the good of mainstreet for a change...AMELIA COLDHART
What else can I help you with?
Where did the 700 billion dollar bailout money go?
The $700 billion bailout money, known as the Troubled Asset Relief Program (TARP), was primarily allocated to stabilize the financial system during the 2008 economic crisis. Most of the funds were used to purchase distressed assets and provide capital injections to banks and financial institutions to prevent their collapse. A significant portion also supported the automotive industry and mortgage relief programs. The goal was to restore confidence in the financial system and promote economic recovery.
How much was the Bear Stearns bailout?
A 29-billion-dollar non-recourse loan was made to J.P. Morgan back with MBS. See Wikipedia "Bear Sterns" for details.
Is fashion a billion dollar industry?
yes- multi billion
How many million us dollar is 1 billion us dollar?
If there is a million dollars (1,000,000), then a billion (1,000,000,000). So it will take 1,000 million dollars to make a billion.
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.
How will the US government's 700 billion dollar bailout affect the GDP and the unemployment rate?
It is unclear the affect the bailout will have on GDP and unemployment. GDP growth has the biggest impact on employment so how the economy responds to the bailout is the critical factor, If credit markets loosen up and credit begins to flow again it will have a very positive impact on GDP growth. In that instance the impact of the bailout will be a reduction in unemployment.
What US company got a 1.5 billion dollar bailout from the US government in 1980?
chrysler
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 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.
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.
Where did the 700 billion dollar bailout money go?
The $700 billion bailout money, known as the Troubled Asset Relief Program (TARP), was primarily allocated to stabilize the financial system during the 2008 economic crisis. Most of the funds were used to purchase distressed assets and provide capital injections to banks and financial institutions to prevent their collapse. A significant portion also supported the automotive industry and mortgage relief programs. The goal was to restore confidence in the financial system and promote economic recovery.
How much was the Bear Stearns bailout?
A 29-billion-dollar non-recourse loan was made to J.P. Morgan back with MBS. See Wikipedia "Bear Sterns" for details.
How did the president overrule the Senates vote on the auo bailout?
The bill that was defeated in the Senate was a 14 billion dollar rescue plan for the automakers. The President has no power to overrule a bill that is defeated in Congress. The 17.4 billion dollar assistance to the automakers will be a low interest loan drawn from the 700 billion "bail out" fund already passed by both Houses in October.
What is the 700 billion bailout for?
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 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.
