The Big Bailout wont work
It is buying toxic debt at above market rates, but doesnt do enough to recapitalize banks
Economists and market players are now saying its not enough to prevent meltdown in Northern Hemisphere
Some fear a widespread run on US banks
Just 63% of bank deposits are insured
US$2.6 trln are not insured
Ireland and Greece have been forced to give a blanket guarantee on all bank deposits, some say US should too
Or RFID CHIP.
southshores777 3 years ago
Pretty crazy stuff, we had a massive housing boom up till the end of last year, wonder what will happen to all those folks in the new homes and commercial buildings i was working on.
Mind you the prices of some jobs was straight out ridiculous 500k for a 3 bedroom house? no thanks.
sypherffs 3 years ago
depends what end of the whip your on
altfseven 3 years ago
If you do buy a house and banks contract credit, the value of your investment should depreciate heavily.
daniel987878 3 years ago
Yeah well wont have to worry about our mortgage if they enslave us. It's a good thing. Therefore slavery is really good.
daniel987878 3 years ago
so where's your money ? In a bank? or under the matress.
altfseven 3 years ago
yep then through our trade deal with China we will be pushed to go to deal with them or become apart of the global economy.
USA borrowed more that two thirds for its war from China.
IF bush gets his one world government. we wont need to worry about the morgage anymore.
altfseven 3 years ago
America Mexico, Canada, AMERO
keithholden 3 years ago
Bail the banks, will not fix, the 70% consumer economy,the unemployment,the 1.5 trillion per year borrowing.The people are broke,the share market will crash as people cant buy products. Its just a controlled crash for now. The DJIA will head to 2-4000 from its current 10800. Then USA will change to a new currency called the AMERO
keithholden 3 years ago
If you cant loan money, you cant buy a house.Less buyers, less price
keithholden 3 years ago