Comments on: Fed Bailout Now To Include Foreign Banks; Will Amount To $1.8 Trillion. http://www.mytwodollars.com/2008/09/22/fed-bailout-now-to-include-foreign-banks-will-amount-to-18-trillion/ A place to discuss money...for the rest of us. Fri, 10 Feb 2012 05:21:23 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Deehttp://www.mytwodollars.com/2008/09/22/fed-bailout-now-to-include-foreign-banks-will-amount-to-18-trillion/#comment-28991 Dee Wed, 24 Sep 2008 02:09:57 +0000 http://www.mytwodollars.com/?p=1668#comment-28991 Infuriated is the word. And dumbfounded. All I can do is shake my head and try to fight off the despair I'm feeling at what has happened to my country. Infuriated is the word. And dumbfounded. All I can do is shake my head and try to fight off the despair I’m feeling at what has happened to my country.

]]> By: plonkeehttp://www.mytwodollars.com/2008/09/22/fed-bailout-now-to-include-foreign-banks-will-amount-to-18-trillion/#comment-28966 plonkee Tue, 23 Sep 2008 18:23:33 +0000 http://www.mytwodollars.com/?p=1668#comment-28966 My understanding is that what happened in 1929/30 is that Andrew Mellon let capitalism take care of it, and the net result was that huge numbers of banks failed. The initial reaction to the Wall Street crash by government seems to be believed to have exacerbated the problem. Additionally, there are plenty of nominally non-US banks that have extensive operations there and suffered just as much as ones with their head office in the States - e.g. HSBC and Barclays. Finance is global these days, no two ways about it. My understanding is that what happened in 1929/30 is that Andrew Mellon let capitalism take care of it, and the net result was that huge numbers of banks failed. The initial reaction to the Wall Street crash by government seems to be believed to have exacerbated the problem.

Additionally, there are plenty of nominally non-US banks that have extensive operations there and suffered just as much as ones with their head office in the States – e.g. HSBC and Barclays. Finance is global these days, no two ways about it.

]]> By: davidhttp://www.mytwodollars.com/2008/09/22/fed-bailout-now-to-include-foreign-banks-will-amount-to-18-trillion/#comment-28955 david Tue, 23 Sep 2008 13:18:09 +0000 http://www.mytwodollars.com/?p=1668#comment-28955 Thanks Greg, will check it out! Make Art - we all need to be mad and let our representatives know! Thanks Greg, will check it out!

Make Art – we all need to be mad and let our representatives know!

]]> By: make art every dayhttp://www.mytwodollars.com/2008/09/22/fed-bailout-now-to-include-foreign-banks-will-amount-to-18-trillion/#comment-28954 make art every day Tue, 23 Sep 2008 13:11:14 +0000 http://www.mytwodollars.com/?p=1668#comment-28954 i've moved past mad to numb. this country is so wrecked. i constantly think about my girls having to grow up in a real depression, and it's depressing. luckily something made me wake up six months ago and start tackling my family's finances and i feel i have a tiny bit of control of our own situation. thanks for your last two posts. they are awesome. stay mad. maybe something will change. i’ve moved past mad to numb. this country is so wrecked. i constantly think about my girls having to grow up in a real depression, and it’s depressing. luckily something made me wake up six months ago and start tackling my family’s finances and i feel i have a tiny bit of control of our own situation.

thanks for your last two posts. they are awesome. stay mad. maybe something will change.

]]> By: Greghttp://www.mytwodollars.com/2008/09/22/fed-bailout-now-to-include-foreign-banks-will-amount-to-18-trillion/#comment-28953 Greg Tue, 23 Sep 2008 11:18:50 +0000 http://www.mytwodollars.com/?p=1668#comment-28953 Actually, I just read yesterday about some plans to help people with student loans: http://online.wsj.com/article/SB122127602072331657.html?mod=comcast The details (such as where they will get the money) aren't worked out yet, but it sounds promising for some of us. Actually, I just read yesterday about some plans to help people with student loans: http://online.wsj.com/article/SB122127602072331657.html?mod=comcast

The details (such as where they will get the money) aren’t worked out yet, but it sounds promising for some of us.

]]> By: Everybody Loves Your Money - Living for today - Planning for Tomorrow » Should We Let The Greedy Bastards Fail?http://www.mytwodollars.com/2008/09/22/fed-bailout-now-to-include-foreign-banks-will-amount-to-18-trillion/#comment-28945 Everybody Loves Your Money - Living for today - Planning for Tomorrow » Should We Let The Greedy Bastards Fail? Mon, 22 Sep 2008 21:36:27 +0000 http://www.mytwodollars.com/?p=1668#comment-28945 [...] We Let The Greedy Bastards Fail? By Hazzard David at My Two Dollars has a couple of posts that I was going to do myself but he did a fine job so I’m just going to link to him.  I [...] [...] We Let The Greedy Bastards Fail? By Hazzard David at My Two Dollars has a couple of posts that I was going to do myself but he did a fine job so I’m just going to link to him.  I [...]

]]> By: cwaltzhttp://www.mytwodollars.com/2008/09/22/fed-bailout-now-to-include-foreign-banks-will-amount-to-18-trillion/#comment-28934 cwaltz Mon, 22 Sep 2008 17:24:52 +0000 http://www.mytwodollars.com/?p=1668#comment-28934 I hit mad a long, long time ago. Everything I was taught growing up apparently means nothing. There are no checks and balances. There is no accountability for anyone other than the "little folk." There is no right to privacy(or the terrasits might get you). You apparently don't need to be financially responsible because Joe Taxpayer will bail you out(even if he didn't get to reap the rewards when yopu were flying high). Health for everyone is a bad idea all the way up until you decimate your opponent by smearing her then you can use the political opportunity to coopt it. I'm disgusted with the whole lot of our so called leaders. They seem to have never met a primciple they couldn't bend and stretch tro the point of breaking. I hit mad a long, long time ago. Everything I was taught growing up apparently means nothing. There are no checks and balances. There is no accountability for anyone other than the “little folk.” There is no right to privacy(or the terrasits might get you). You apparently don’t need to be financially responsible because Joe Taxpayer will bail you out(even if he didn’t get to reap the rewards when yopu were flying high). Health for everyone is a bad idea all the way up until you decimate your opponent by smearing her then you can use the political opportunity to coopt it. I’m disgusted with the whole lot of our so called leaders. They seem to have never met a primciple they couldn’t bend and stretch tro the point of breaking.

]]> By: davidhttp://www.mytwodollars.com/2008/09/22/fed-bailout-now-to-include-foreign-banks-will-amount-to-18-trillion/#comment-28931 david Mon, 22 Sep 2008 17:04:28 +0000 http://www.mytwodollars.com/?p=1668#comment-28931 You got it Fit Wallet - we only help those who don't need the help. It's the American way! You got it Fit Wallet – we only help those who don’t need the help. It’s the American way!

]]> By: Fit Wallethttp://www.mytwodollars.com/2008/09/22/fed-bailout-now-to-include-foreign-banks-will-amount-to-18-trillion/#comment-28930 Fit Wallet Mon, 22 Sep 2008 16:41:46 +0000 http://www.mytwodollars.com/?p=1668#comment-28930 Thank you. I'm so sick of hearing people talk about how this is a necessary evil to bail out greedy multi-billion dollar companies who screwed themselves and every American, but we shouldn't give "lazy" poor people any additional assistance. Let them pay for their mistakes! Such a double standard. Thank you. I’m so sick of hearing people talk about how this is a necessary evil to bail out greedy multi-billion dollar companies who screwed themselves and every American, but we shouldn’t give “lazy” poor people any additional assistance. Let them pay for their mistakes! Such a double standard.

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