Sunday, February 12, 2012

What should be the next step to get rid of financial crisis after 700 B Doller bail out?

Possibly a cut in the interest rates, but, I don't think they will. They need to get the Mark to Market rule changes into effect and cut the Capital Gains tax ASAP.



They won't do it, but that would turn things around immediately. Leftists would rather kill you off and sell your fillings before they would cut a tax. What should be the next step to get rid of financial crisis after 700 B Doller bail out?
Credit card regulation. Credit card issuers can pretty much do anything they want, and that is causing a lot of problems in America. Credit card debt is out the roof.



Examples of things to rein in: $39 late payment fees; universal default clauses.



Most universal default clauses say the credit card company can raise your rates if you have a late payment on ANY of your credit accounts, not just your credit card account.



There should also be a cap on Prime+ variable rates with a maximum of say, Prime + 10%.



The primary problem is that our economy is based on credit. To sell more products and services, people are given credit accounts whether they can actually afford them or not.



I wonder how many homeowners could have made their mortgage payments if they had zero credit card debt. That would have reduced foreclosures, reduced the drop in house valuation and reduced the impact on financial markets.



The financial markets need to be reined in themselves with tighter or enforced regulations. There are many investments that are only backed by paper and not product or service sales; those probably need to be eliminated.



Just my thoughts.
have you ever notice that US always tout that it is the fairest country in the world and everyone is equal and proud of its democracy.



well, in such a country you see the richest, poorest, most stupid and smartest. And being equal, that means executive getting away with billion pays but staffs getting fired with worthless house, interesting.



by answering your question, the next thing to do after every crash is always: Regulation. and in order to let bank start lending, market confidence has to be restored so govt. will create incentives or speculative opportunities to attract more investment, interest cut is one thing, more importantly, to promote cross boarder merger and acquisition since now US corporation is cheap.



but don't worry about all these, US is a highly speculative market, riches will always be riches as they get away long time ago before market worsening. and if they sense a bottom, they step in to buy cheap and profit from that. Now buffet buying GE and Goldman Sachs, that signals a bottom, if not, near bottom.



bless all these poor people, they will never get rich under such a system, they are blinded by the so called democracy which is high manipulated by interested groups behind the scene. What should be the next step to get rid of financial crisis after 700 B Doller bail out?
I think the Bush Administration will try to cut the interest rate to attract more borrowing then it shoot up the Dow Jones Index again and will be followed by other stock exchanges world wide. This will create more human sins of greed and selfishness in most part (developed countries) of this world to get the first crack of the approved bail out deal in history. I guess Uncle Sam should do is what has they proposed the executives salary caps and more appropriate one is that the top financial personnel are required to return the paid super rich bonus back if they can't achieve the goals of making money for the investors and the company. Regardless what they US government do, a bigger recession and a probably US stock market and the global market crash will be followed, its bubbled up at least 100 to 500 times of its nominal values as what the real stock shares worth.

The following describes what the stock markets in terms of its nominal values, investment tools, how the fees are being charged, how to calculate the derivatives and different charge fees and, particularly how the stock market crash is plausible. Thank God, if the stock markets totally crashed, it will be much cheaper to live in this world and many of the third world peoples needn't to starve to dead.

http://en.wikipedia.org/wiki/Stock_marke鈥?/a>

The followings listed only a few of the Wall Street or top America financial executives earned in 2007 and at least two of them screwed up their companies but stole tens of million and one up to billion of US dollars. That's why the public protested outside Wall Street and claimed that those Wall St. top executives should be in jail instead of bail out. A striking fact is that Alan Fishman of Washington Mutual took 13.61 millions home after only 18 days service in comparison to a poor lady widow, Debora Walker, who has lost 40 lbs because of starving and living on only a few hundred US dollars disabilty fund each month and she has a 13 years old son to feed. What a shame of the ******* Bush Administration? I think Democrat and Republicans should have voted not to bail out the Wall St. and follow the steps of what Roosevelt and the Japanese did to the bank and economic crsis before. Upon the completetion of destroying the stock markets, the next target should be the real estate. America should have a new start over but eliminate the existing faulty systems first. Otherwise America will go into another deep recession, even worsen and possibly lead to a doomsday. America is likely to become a fascist country, just like Hong Kong!

http://www.google.com.hk/search?complete鈥?/a>

Angelo Mozilo, Country Wide 1.02 Billions US

Lloyd Blanktein 73.37 Millions US

Richard Fairbank, Capital One 73.17 Millions US

Richard Fuld Jr. Lehman Brothers 71.90 Millions US

Steven Roth Vornado Realty 71.85 Million US
Interest rate? It's already low enough. No, the Fed needs to step in and buy commercial paper - keep the companies going, like Buffet did with GE. The Fed could easily buy a trillion in commercial paper and get the economy rev'd up good. What should be the next step to get rid of financial crisis after 700 B Doller bail out?
just let it do its thing.

the leaders of our country will just destroy us from the inside out if they do anything else.

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