Bail-out plan rejected (happy or unhappy)

BMWI6 · 09-29-2008, 06:16 PM

With the bail-out plan rejected (for now at least) because I think they will pass it eventually. Who is in agreement that they should not pass it? or who thinks it will benefit us (the general public). I believe it will do more harm in the long run as it is money that the gov. does'nt really have.

bsamoul · 09-29-2008, 06:18 PM

You should make this a poll.

mistermojorizin · 09-29-2008, 06:19 PM

i can't believe i'm actually agreeing with bush, but if they don't pass it, it will spell disaster

BMWI6 · 09-29-2008, 06:20 PM

Quote:

Originally Posted by bsamoul

You should make this a poll.

just did. thanks for the suggestion

iheartsole · 09-29-2008, 06:26 PM

i knew someone would make a poll on this

bsamoul · 09-29-2008, 06:34 PM

Quote:

Originally Posted by BMWI6

just did. thanks for the suggestion

kevinbahnz · 09-29-2008, 06:37 PM

I dont know much about the economy, but for right now I do not want them to pass the bail out plan. they havent told us much about the consequences if it does pass. All they are saying is that it will help out the economy, How i dont know. I think the dems are saying that they want more money. can anyone shed some light on this subject because they arent telling us how it will be repaid.

slipperman · 09-29-2008, 06:37 PM

Quote:

Originally Posted by mistermojorizin

i can't believe i'm actually agreeing with bush, but if they don't pass it, it will spell disaster

+1 screwed with either outcome but royally screwed if it doesn't pass

ALPINE6SPD · 09-29-2008, 06:38 PM

Quote:

Originally Posted by mistermojorizin

i can't believe i'm actually agreeing with bush, but if they don't pass it, it will spell disaster

+1

ALPINE6SPD · 09-29-2008, 06:39 PM

Quote:

Originally Posted by kevinbahnz

I dont know much about the economy, but for right now I do not want them to pass the bail out plan. they havent told us much about the consequences if it does pass. All they are saying is that it will help out the economy, How i dont know. I think the dems are saying that they want more money. can anyone shed some light on this subject because they arent telling us how it will be repaid.

It will NOT be repaid. They are just bailing them out and will keep a closer eye now so this does not happen again hopefully.

Kbueno · 09-29-2008, 06:41 PM

Kinda surprised at the poll right now. We definitely need the bail-out. Do I like it: NO! But we need to be saved from ourselves....too much greed, unfortunately. Those of us in the development sector are feeling the squeeze...it looks real bad guys.

E90SLAM · 09-29-2008, 06:41 PM

Quote:

Originally Posted by ALPINE6SPD

It will NOT be repaid. They are just bailing them out and will keep a closer eye now so this does not happen again hopefully.

if passed....it just sending a message to financial institutes that they can get away from what they've done....

PLAYON · 09-29-2008, 06:42 PM

Can someone outline the PROS and CONS of the Bailout Plan? (stickypaws where you at???)

specialque · 09-29-2008, 06:43 PM

honestly, it's a good thing it didn't pass. It's not really going to help us. It's patch, it doesn't really fix anything, it just covers it up. The market will always trend to equilibrium. All this is doing is bailing out banks that made horrible investments. I ask you, if you made a bad investment would that government bail you out? The answer is no.

I know it sucks about all those people with losing their jobs, but you know how much this $700B is going to cost us taxpayers? It's ridiculous. Throwing money at a problem won't make it go away. The American economy is fundamentally broken and that needs to be addressed.

specialque · 09-29-2008, 06:44 PM

Quote:

Originally Posted by ALPINE6SPD

It will NOT be repaid. They are just bailing them out and will keep a closer eye now so this does not happen again hopefully.

Yes, it will have to be repaid. If they "borrow" the money, it has to be repaid, if they "make" more money, that money has to come back and be taken out of circulation otherwise we have severe currency devaluation.

kevinbahnz · 09-29-2008, 06:47 PM

Quote:

Originally Posted by ALPINE6SPD

It will NOT be repaid. They are just bailing them out and will keep a closer eye now so this does not happen again hopefully.

It will be repaid , with higher taxes.

slipperman · 09-29-2008, 06:48 PM

Emergency Economic Stabilization Act of 2008

For those of you interested in a little light reading

Kbueno · 09-29-2008, 06:48 PM

Quote:

Originally Posted by E90SLAM

if passed....it just sending a message to financial institutes that they can get away from what they've done....

What they've done??? They contributed by allowing it, but we screwed ourselves on this one.

DenverJayhawk · 09-29-2008, 06:52 PM

It will be repaid in the future. Mortgages are just like any other assets. The idea is that the Government will take ownership of these depreciated loans at a low value point and hold them. Then they will sell them back to investors when the credit market strengthens. This is exactly what the Fed did in 1989.

Here's a good 50k foot overview of the entire credit mess and why this person (who's somewhat of an authority) thinks the bail out is a bad idea.
http://www.cnn.com/2008/POLITICS/09/...out/index.html

iheartsole · 09-29-2008, 06:59 PM

by passing this 700 billion bail out plan it will just let wallstreet & big corporations/banks let them know they can get away with anything. NO it will not Help us the American people, but help those companies that are in debt. why would any of you agree for Bush or whoever to pass this plan. Our Economy has to work/pull together fo fix the problem if anything. Not print more $ and make our US dollars weaker. Yes, this is a big crisis right now and we are in a recession that will prob take some time to fix.

kevinbahnz · 09-29-2008, 07:05 PM

Quote:

Originally Posted by slipperman

Emergency Economic Stabilization Act of 2008

For those of you interested in a little light reading

WTH are they saying. I cant understand any of that mumbo jumbo. lolz

frahuang · 09-29-2008, 07:08 PM

If they offer me 4% 30 year mortgage, that's all I ask. I don't need 700 billion dollar bail out plan...

View Poll Results: Bail-out plan (yes or no)
Get rejected	78	66.10%
Please Pass	40	33.90%
Voters: 118. You may not vote on this poll

09-29-2008, 06:16 PM	#1
BMWI6 Major 103 Rep 1,337 Posts Drives: 335is Join Date: Feb 2008 Location: Miami, Fl iTrader: (2)	Bail-out plan rejected (happy or unhappy) With the bail-out plan rejected (for now at least) because I think they will pass it eventually. Who is in agreement that they should not pass it? or who thinks it will benefit us (the general public). I believe it will do more harm in the long run as it is money that the gov. does'nt really have. __________________ If everything seems under control, then you aren't going fast enough"
	Appreciate 0 Tweet Quote

09-29-2008, 06:18 PM	#2
bsamoul Major General 172 Rep 7,433 Posts Drives: E90 325i Join Date: Feb 2007 Location: Walnut Creek, California iTrader: (2)	You should make this a poll. __________________ -Brian 2X 2006 BMW 325i [Electric Red & Mystic Blue] \| ZPP \| V1 \| Rear Fogs \| M3 Lip Spoiler \| EAS RemoteKey \| BMS Powerbox \| Projector90 Headlights w/ LED AE \| LED plate lights \| OEM Blacklines http://www.tech-shine.com
	Appreciate 0 Quote

09-29-2008, 06:19 PM	#3
mistermojorizin Lieutenant Colonel 41 Rep 1,657 Posts Drives: 135i Join Date: Apr 2008 Location: Los Angeles iTrader: (0)	i can't believe i'm actually agreeing with bush, but if they don't pass it, it will spell disaster __________________ "KOPEYKA" /// Titanium Silver / Black Leather / Gray Poplar / Sport Package / Premium Package / 6MT / Feb 08 Production
	Appreciate 0 Quote

09-29-2008, 06:26 PM	#5
iheartsole Brigadier General 85 Rep 4,928 Posts Drives: 08 335i coupe Join Date: Apr 2007 Location: San Diego iTrader: (2)	i knew someone would make a poll on this
	Appreciate 0 Quote

09-29-2008, 06:37 PM	#7
kevinbahnz Captain 159 Rep 709 Posts Drives: 2008 335xi sedan Join Date: Aug 2008 Location: Ma-NC iTrader: (1)	I dont know much about the economy, but for right now I do not want them to pass the bail out plan. they havent told us much about the consequences if it does pass. All they are saying is that it will help out the economy, How i dont know. I think the dems are saying that they want more money. can anyone shed some light on this subject because they arent telling us how it will be repaid. __________________
	Appreciate 0 Quote

09-29-2008, 06:41 PM	#11
Kbueno Lieutenant Colonel 101 Rep 1,712 Posts Drives: F82 Join Date: Jan 2007 Location: California iTrader: (5)	Kinda surprised at the poll right now. We definitely need the bail-out. Do I like it: NO! But we need to be saved from ourselves....too much greed, unfortunately. Those of us in the development sector are feeling the squeeze...it looks real bad guys.
	Appreciate 0 Quote

09-29-2008, 06:42 PM	#13
PLAYON Major 265 Rep 1,414 Posts Drives: 2008 BMW 550i Join Date: May 2008 Location: East Coast iTrader: (0) Garage List 2008 BMW 550i [0.00] 2003 Audi A4 [0.00]	Can someone outline the PROS and CONS of the Bailout Plan? (stickypaws where you at???) __________________
	Appreciate 0 Quote

09-29-2008, 06:43 PM	#14
specialque Private First Class 37 Rep 191 Posts Drives: 2024 M3cs, 2018 McLaren 720S Join Date: Dec 2006 Location: Connecticut iTrader: (0)	honestly, it's a good thing it didn't pass. It's not really going to help us. It's patch, it doesn't really fix anything, it just covers it up. The market will always trend to equilibrium. All this is doing is bailing out banks that made horrible investments. I ask you, if you made a bad investment would that government bail you out? The answer is no. I know it sucks about all those people with losing their jobs, but you know how much this $700B is going to cost us taxpayers? It's ridiculous. Throwing money at a problem won't make it go away. The American economy is fundamentally broken and that needs to be addressed. __________________ 2018 McLaren 720S MSO Onyx Black/Scoria Gray 2024 BMW M3cs Sapphie Black/Black 2018 Porsche Macan Sport Volcano Grey/Black 2014 BMW X3 M-Sport Carbon Black/Mojave Brown - Beater
	Appreciate 0 Quote

09-29-2008, 06:48 PM	#17
slipperman Second Lieutenant 11 Rep 244 Posts Drives: '08 e90 328i JB Join Date: Jul 2008 Location: Burbank, CA iTrader: (0)	Emergency Economic Stabilization Act of 2008 For those of you interested in a little light reading
	Appreciate 0 Quote

09-29-2008, 06:52 PM	#19
DenverJayhawk Major 79 Rep 1,217 Posts Drives: 2006 E90 330i Join Date: Jul 2008 Location: Denver iTrader: (0)	It will be repaid in the future. Mortgages are just like any other assets. The idea is that the Government will take ownership of these depreciated loans at a low value point and hold them. Then they will sell them back to investors when the credit market strengthens. This is exactly what the Fed did in 1989. Here's a good 50k foot overview of the entire credit mess and why this person (who's somewhat of an authority) thinks the bail out is a bad idea. http://www.cnn.com/2008/POLITICS/09/...out/index.html
	Appreciate 0 Quote

09-29-2008, 06:59 PM	#20
iheartsole Brigadier General 85 Rep 4,928 Posts Drives: 08 335i coupe Join Date: Apr 2007 Location: San Diego iTrader: (2)	by passing this 700 billion bail out plan it will just let wallstreet & big corporations/banks let them know they can get away with anything. NO it will not Help us the American people, but help those companies that are in debt. why would any of you agree for Bush or whoever to pass this plan. Our Economy has to work/pull together fo fix the problem if anything. Not print more $ and make our US dollars weaker. Yes, this is a big crisis right now and we are in a recession that will prob take some time to fix.
	Appreciate 0 Quote

09-29-2008, 07:08 PM	#22
frahuang First Lieutenant 7 Rep 362 Posts Drives: 08 328i e90 Blk/Blk 6MT Join Date: Sep 2008 Location: Irvine, CA, USA iTrader: (14)	If they offer me 4% 30 year mortgage, that's all I ask. I don't need 700 billion dollar bail out plan... __________________ 08 328i e90 Black/Black 6MT, BMS POWER BOX, Eibach Pro System, Blacklines, M3 Spoiler, 197 BBS Wheels, Xenon and Homelink
	Appreciate 0 Quote