View Poll Results: Do you think the US bailout package is the best solution right now?

Voters
2. You may not vote on this poll
  • Yes, I think it is what needs to be done right now.

    0 0%
  • No, it's not the right thing to do.

    2 100.00%
Results 1 to 6 of 6
  1. #1
    Thailand Expat
    Rattanaburi's Avatar
    Join Date
    Sep 2007
    Last Online
    12-11-2009 @ 12:42 PM
    Posts
    1,955

    Poll: Is the bailout the best solution right now?

    Are you for it?


    Related:
    Newt Gingrich talking on this to NPR. You have to click on the clip

    NPR Media Player
    Last edited by Rattanaburi; 25-09-2008 at 02:52 PM.

  2. #2
    I don't know barbaro's Avatar
    Join Date
    Dec 2005
    Last Online
    @
    Location
    on pacific ocean, south america
    Posts
    21,406
    Quote Originally Posted by Rattanaburi View Post
    Are you for it?
    I don't think it matters if a taxpayer is for it or not.

    It has to be done in some manner, according to virtually all economists.

    The working stiff, gets screwed again.

  3. #3
    Mid
    Mid is offline
    Thailand Expat
    Mid's Avatar
    Join Date
    Aug 2007
    Last Online
    @
    Posts
    1,413
    Do you think the US bailout package is the best solution right now?
    postponing the inevitable , carry on .................

  4. #4
    Thailand Expat
    sabang's Avatar
    Join Date
    Feb 2006
    Last Online
    30-07-2019 @ 03:47 AM
    Location
    BackinOz
    Posts
    30,807
    Too few options for me to vote.
    do something? Yes.
    in the opaque and profligate manner proposed? No

  5. #5
    Member
    plorf's Avatar
    Join Date
    Jun 2006
    Last Online
    02-07-2014 @ 01:16 PM
    Location
    Beijing, China
    Posts
    997
    Many european bankers and politicians, Germany and Switzerland especially, are very much against it, and there was certainly no similar package available for our 2 biggest Swiss Banks, UBS & Credit Suisse. The state may offer them some credit but to get a private enterprise out of their own shit by taxpayers money wouldn't do here. Before that happens the National Bank will offer securities for private banking accounts at these banks to prevent a bank-run.
    The proposed 700billion aid would certainly be much cheered at by the banking sector, but who doesn't cheer when he gets free money ?
    Of course I agree that overall economic wellbeing has to be considered, and I am not that much of an expert to propose a better policy myself.
    But a few principles have to be upheld in my humble opinion:
    -responsability/accountability: Both the financial sector at Wall Street and the republicans have implemented measures to deregulate banking and investment and have made huge profits. Now that it doesn't looks so bright they're crying for the help of government.
    -taxpayers first: It has to be carefully considered if the average citizen loses more with government support for these investment banks or without. Economic and fiscal calculations should be transparent and fair.
    -who's to blame?: It is difficult to negotiate policies to address this crisis if you don't know who's responsible for it with what measures/actions. So those who have been incorrect should not be at the front of proposing measures to amend it. Let external experts assess the situation and let the guilty take their share of responsability.
    my 2bht.

    edit: needless to say that UBS very much welcomed the US government measures, especially because they too can profit from it as a WS registred Inv Bank...

  6. #6
    Thailand Expat
    Whiteshiva's Avatar
    Join Date
    Dec 2005
    Last Online
    29-05-2019 @ 04:45 AM
    Location
    Nontaburi
    Posts
    4,632
    The best solution is to nationalise the banks and financial institutions in need of a bail-out (i.e shareholders loose everything), restructure the business and once the company is up and running profitably again under a new management, privatise it through an IPO.

    Not exactly rocket science.

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •