Financial crisis explained

[Imperial]

Originally Posted by Villalba

<--is working on a degree in Eco and PS.

True to say yes this is an insurance company, but the government shouldn't have bailed it out. Instead they should have investigated the problem first hand rather than giving them worthless printed Fed money.

I haven't heard anything about the Federal Reserve printing more money, the last thing the US dollar needs is even more inflation just to roll off the nationalization losses. This debt will probably simply be added onto the national debt, the thing we never pay down.

[Villalba]

With a deficit oh yes, you really think Tax money is going to pay for all this. Heck yeah right.

[James Davis]

Originally Posted by Villalba

With a deficit oh yes, you really think Tax money is going to pay for all this. Heck yeah right.

Frankly, it should be able to, our government simply wastes too much money. Our budget is multiples of what it should be.

[Wootmeister]

Originally Posted by Villalba

<--is working on a degree in Eco and PS.

True to say yes this is an insurance company, but the government shouldn't have bailed it out. Instead they should have investigated the problem first hand rather than giving them worthless printed Fed money.

My 2nd major is IT, though I might have minored in PS if my college offered it. I agree, a bail out is a band aid to fix something that doesn't deserve fixing.

[Villalba]

You know what one problem could be, it might be we rely too much on credit, credit can easily be turned into debt.