Monday, September 22, 2008
stock feelings
http://www.msnbc.msn.com/id/3683270/ just want to get an idea on what people think about how we are pretty much going into the next depression unless bush or the new president this upcomming year bails us out of a horrible month on wall street and people freaking out and selling stocks like crazy
Subscribe to:
Post Comments (Atom)
5 comments:
I'm scared!I don't want my bank to go down. Hopefully, the new president will get us out of this!
Well Bush isn't bailing us out of anything. He has ruined this country enough already and its time for someone to get into office to fix all of his mistakes. It is scary to think that banks and big company's, such as Merryl Lynch is going bankrupt. Hopefully this problem is fixed soon!
Here's a slightly simplistic, but clear view on the problem, and how to avoid it:
[quote]
I think I get the general idea: Big money bet and sold guarantees that housing prices wouldn't fall. They lost the bet.
Here are some general principles I'd bet on:
If government lets a business get so big that its failure would collapse the economy, government will bail out the company in hard times.
Therefore,
Either government must prevent companies from growing too large or government must regulate companies to prevent them from taking too much risk.
[/quote]
http://voices.kansascity.com/node/2088
The situation is similar to that of the oil companies. They're essential to our economy, but we don't socialize them. Instead we support their profits, and protect them from the market when they lose their profits. The options here are similar to those I posted in my reply to the earlier post on oil profiteering.
What's the right solution here?
I don't think the government should have to bail out a company. Which, I suppose, means that there should be a limit on the size these companies can reach, which should also limit the amount of risk they're taking. This is definitely very similar to the oil situation because this is all affecting our economy and the recent "slump" we are in. Something needs to be done and quick before we hit another depression!
As we all know the stock market has not been doing well lately. A lot of people have been losing thousands of dollars. I think this is because loans were giving out to people who would never be able pay back these loans.
Post a Comment