Comments on: “Government Bailout” - What were they thinking? http://www.junloayza.com/uncategorized/government-bailout-what-were-they-thinking/ Become successful through sheer tenacity, drive, and working intelligently Wed, 08 Feb 2012 17:40:32 +0000 http://wordpress.org/?v=2.7 hourly 1 By: JunLoayza http://www.junloayza.com/uncategorized/government-bailout-what-were-they-thinking/comment-page-1/#comment-607 JunLoayza Tue, 30 Sep 2008 09:32:47 +0000 http://www.junloayza.com/?p=235#comment-607 Thanks for the great comment Cody. My post didn't cover whether the bail out was good or bad, but you bring up a good point that it could have ultimately lead to a very bad decision. If they were thinking that "bailout" could have lead people to think that it was like bailing out their good old buddy the economy, then people were obviously wrong. I took it as bailing out a criminal that got away with a terrible crime. Always good to hear from you. - Jun Thanks for the great comment Cody. My post didn’t cover whether the bail out was good or bad, but you bring up a good point that it could have ultimately lead to a very bad decision.

If they were thinking that “bailout” could have lead people to think that it was like bailing out their good old buddy the economy, then people were obviously wrong. I took it as bailing out a criminal that got away with a terrible crime.

Always good to hear from you.

- Jun

]]> By: Cody McKibben http://www.junloayza.com/uncategorized/government-bailout-what-were-they-thinking/comment-page-1/#comment-592 Cody McKibben Mon, 29 Sep 2008 23:25:38 +0000 http://www.junloayza.com/?p=235#comment-592 I agree with you Jun that the branding of this was important, but I'm going to say they probably did the opposite: called it a "bailout" to tug at your heartstrings and want to help bail your good old buddy, the Big Banking Industry that you rely on, out of *undeserved* trouble. If they had been honest with us, they would call this a loan we can't afford to make, to an unqualified borrower. Our economy is already suffering. We don't actually have $700b to give to anybody, which means that money would most likely come from countries like China et al through more bonds (although our bonds are increasingly unattractive to foreign governments). Otherwise, it's going to add $2k PER PERSON to your tax bill. So, while it is true that if we don't do the bailout, some people will lose their jobs and it will affect the economy, if we DO pay the bailout, it still takes all that money away from OTHER companies and taxpayers. Erica Douglass had a great history of the banks & credit crisis at erica.biz: http://is.gd/3itq I agree with you Jun that the branding of this was important, but I’m going to say they probably did the opposite: called it a “bailout” to tug at your heartstrings and want to help bail your good old buddy, the Big Banking Industry that you rely on, out of *undeserved* trouble.

If they had been honest with us, they would call this a loan we can’t afford to make, to an unqualified borrower.

Our economy is already suffering. We don’t actually have $700b to give to anybody, which means that money would most likely come from countries like China et al through more bonds (although our bonds are increasingly unattractive to foreign governments). Otherwise, it’s going to add $2k PER PERSON to your tax bill. So, while it is true that if we don’t do the bailout, some people will lose their jobs and it will affect the economy, if we DO pay the bailout, it still takes all that money away from OTHER companies and taxpayers.

Erica Douglass had a great history of the banks & credit crisis at erica.biz: http://is.gd/3itq

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