Bailout Illustrated
By Glenn Roberts Jr., Thursday, December 18, 2008.Bookmarking Sites
The blog for money management site Mint.com carries a graphic suggesting who ultimately may foot the bill for the $700 billion federal "bailout" spending plan.
About half of the money is already accounted for, and there are reports that Treasury Secretary Henry Paulson may ask Congress for the second half of the money.
The Mint.com site had earlier posted the original "Visual Guide to the Financial Crisis" that focused on actions leading to the economic boondoggle. Both illustrations were designed by WallStats.com.
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Submitted by Mike Dunn on December 19, 2008 - 2:08pm.
700 billion? what about something for the home owners? all we get is Loan Modifications. I have been trying to get one done for 3 months, and think I finally got what I'm looking for. I found www.thechangestation.com . they gave me everything I need to negotiate my own loan mod. right now its 1/2 off the reg price. www.thechangestation.com. Thanks for all the help from the government!!
Submitted by Karen Highland on December 19, 2008 - 4:35pm.
That's a cool looking chart...but did anyone really read it? Its so one-sided, politically, and very shallow in its research. The solution they have is basically socialism.
Submitted by Todd Covington on January 6, 2009 - 8:33pm.
Karen, you are so right. Whether the government realizes it or not, they are digging themselves a bigger hold for the long run. Bailouts are NOT the answer. It's short term thinking. Let the markets correct themselves and we will all be better off in the long run. The greed in this country is unbelievable.
Beaufort South Carolina Real Estate
Submitted by Ed Kubeck on January 24, 2009 - 4:11pm.
The reason for this finicial crisis is too many people and companies are run strictly on credit. That is what caused the great depression. So many of the board members of these corps looked for fast profit in their stock share dividens. They look to benefit themself. It is too bad they could not see the benefit in improving a company rather than improving their bottomline. You see this also for many people in the foreclosures. They lived off of future profits and credit and equity lnes to pay for their mortgage and keeping up with jones lifestyle. It finally cathes up to them in a foreclosure. I think we will start hearing about people buying a home for a life time not just for 3-7 years.
Submitted by Ron Redlich on April 12, 2009 - 9:02pm.
Cities, Counties, States and School Boards are all in deep trouble too.
We are not going to get past this. The only good news is that we'll have to start over.
Commercial Realtors
commercial real estate
Submitted by mark paul on June 1, 2009 - 3:53am.
Money management is used in Investment management and deals with the question of how much risk a decision maker should take in situations where uncertainty is present. More precisely what percentage or what part of the decision maker's wealth should be put into risk in order to maximize the decision maker's utility function.
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