Is the Greece bail-out a good deal?
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Is the Greece bail-out a good deal?
Three people have died during protests in Greece over planned austerity measures. What do you think of the bail-out?
Read more on BBC News
May 29th, 2010 at 11:49 pm
RT I'll stop smoking outside as soon as you stop barbecuing outside. Deal? Deal.
May 30th, 2010 at 8:35 pm
Sugar Daddy China Should Dock Kim’s Allowance: William Pesek
BusinessWeek
It’s odd that Greece’s debt gets more attention these days than Kim Jong Il’s nuclear weapons. It may be a sign that the latest North Korea crisis will be …
and more »
May 31st, 2010 at 12:02 pm
RT @dcolter Today you should just enjoy the good weather! < yes, that does sound GOOD!
June 21st, 2010 at 10:25 am
Talk about winning the jackpot! Thanks to retiring Senator Chris Dodd one of the highest grossing casinos in the country (earning more than $1.3 billion in gross revenues in 2009) received a 3% government loan. Bailout=Shush Fund. Your tax dollars at work.
June 28th, 2010 at 9:06 am
What are the 7 characteristics of a civilization?
July 7th, 2010 at 9:04 am
New post: Mark Wahlstrom and Jan Schlichtmann Discuss the AIG Bailout
July 21st, 2010 at 5:17 pm
it would be easier to grasp the concept of process if we could know what were going through and the stage we were presently in, but most of us go through life taking it as it comes to us; it is what it is.
September 1st, 2010 at 10:55 pm
msnbc.com
Gasol helps Spain rout Lebanon 91-57 at basketball world championship
The Canadian Press
IZMIR, Turkey ? Marc Gasol led defending champion Spain into the second round of the basketball world championship, scoring 25 points Wednesday in a 91-57 …
Spain slip up again as Turkey beat Greece in basketballReuters
BYU set to go independent in footballWashington Post
Lithuanian hearts move to TurkeyBaltic Times
Stuff.co.nz (blog) -NBA.com (blog) -TTKN News
all 123 news articles »
September 3rd, 2010 at 3:41 am
Siang Mas Rudy, Mbak Mira & teman2 RT Selamat Pagi utk Rudy dan teman2 RT Good (cont)
September 11th, 2010 at 8:15 am
Out goes Ireland’s savings deposit guarantee. In comes the UK’s £50,000 limit Savers with accounts at the Post Office will from November come under the UK Financial Services Compensation Scheme following widespread concerns about its tie-up with the Bank of Ireland. Until now, savers with accounts at the Post Office, including Instant Saver and Reward Saver, have been dependent on the Irish Deposit Guarantee Scheme, and ultimately the Irish taxpayer, as the accounts were operated by the Bank of Ireland. Following the failure of the Icelandic authorities to stand by a compensation scheme for savers with UK Icesave accounts, critics have warned that a bailout of some Post Office accounts would also be dependent on a foreign scheme being able to fulfil its obligations. To allay concerns, Bank of Ireland is now setting up a separately-capitalised UK arm which, if it fails, will come under the UK FSCS’s £50,000 protection scheme. The bank will be authorised and regulated by the Financial…
September 23rd, 2010 at 8:59 pm
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September 27th, 2010 at 9:19 am
Here's an analogy to explain the bailout. It's like being a boat with a hole in it, that's sinking at a fast rate. So instead of plugging the hole, as in addressing the core problem…the "powers that be" chose to just buy a bigger bucket to bail the water out.
See…the bailout is focused on the wrong end of the problem. The bailout should be focused on the origin of the problem, the defaulting homeowners. The bailout should indemnify defaulting homeowners and pay off the delinquent mortgages.
Stopping the problem at its origin would restore the value of the mortgage-based derivatives and put an end to the crisis.
This approach has the further advantage of stopping the slide in housing prices and ending the erosion of local tax bases that result from foreclosures and houses being dumped on the market. Under the bailout plan, the troubled assets move from the banks’ books to the Treasury’s. But the underlying problem–the continuing diminishment of mortgage and home values–remains and continues to worsen.
So the only people this bailout benefits is the big bankers. Sure, they throw in some window dressing in this final bill to make the public and Congress feel better. It only delays any even bigger economic crash for the future. It's like being on the Titanic, while all the "super-rich" are running to the life boats headed for the islands. They leave the general public below deck to polish the silver, unaware of the real crisis.
Hope this helps…
October 19th, 2010 at 9:40 am
Years of bad decisions and stupid mistakes have created an economic nightmare in this country, but $700 billion in new debt is not the answer. As a tax-paying American citizen, I will not support any congressperson who votes to implement such a policy. Instead, I submit the following three steps:
Common Sense Plan.
I. INSURANCE
A. Insure the subprime bonds/mortgages with an underlying FHA-type insurance. Government-insured and backed loans would have an instant market all over the world, creating immediate and needed liquidity.
B. In order for a company to accept the government-backed insurance, they must do two things:
1. Rewrite any mortgage that is more than three months delinquent to a 6% fixed-rate mortgage.
a. Roll all back payments with no late fees or legal costs into the balance. This brings homeowners current and allows them a chance to keep their homes.
b. Cancel all prepayment penalties to encourage refinancing or the sale of the property to pay off the bad loan. In the event of foreclosure or short sale, the borrower will not be held liable for any deficit balance. FHA does this now, and that encourages mortgage companies to go the extra mile while
working with the borrower—again limiting foreclosures and ruined lives.
2. Cancel ALL golden parachutes of EXISTING and FUTURE CEOs and executive team members as long as the company holds these government-insured bonds/mortgages. This keeps underperforming executives from being paid when they don’t do their jobs.
C. This backstop will cost less than $50 billion—a small fraction of the current proposal.
II. MARK TO MARKET
A. Remove mark to market accounting rules for two years on only subprime Tier III bonds/mortgages. This keeps companies from being forced to artificially mark down bonds/mortgages below the value of the underlying mortgages and real estate.
B. This move creates patience in the market and has an immediate stabilizing effect on failing and ailing banks—and it costs the taxpayer nothing.
III. CAPITAL GAINS TAX
A. Remove the capital gains tax completely. Investors will flood the real estate and stock market in search of tax-free profits, creating tremendous—and immediate—liquidity in the markets. Again, this costs the taxpayer nothing.
B. This move will be seen as a lightning rod politically because many will say it is helping the rich. The truth is the rich will benefit, but it will be their money that stimulates the economy. This will enable all Americans to have more stable jobs and retirement investments that go up instead of down. This is not a time for envy, and it’s not a time for politics. It’s time for all of us, as Americans, to
stand up, speak out, and fix this mess.
November 16th, 2010 at 9:15 am
In what seems as part of the efforts to pitch the Galaxy Tab toward business users, Samsung is teaming up with Polycom to deliver Unified Communications (UC) to the Tab users. Under the deal, Polycom will develop standards-based video applications to be embedded and distributed on the Android-based tablet. We don’t have all the details, … Read more
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November 24th, 2010 at 4:41 pm
Harry Potter and the Philosopher’s Stone is a good story. I will share the Harry Potter 1–7. This i…
November 28th, 2010 at 6:56 am
At the meetings, whoever has actually done the work needs to speak up and say so. Say something direct, that the boss will hear.
Don't let the guy who's taking all the credit talk during the meetings as if he's the one who completed the work. The person who actually completed the work should be the one talking about it, not the other guy.
Hope this helps.
December 15th, 2010 at 5:46 pm
wait I have this cool site you can find everything all over the world
December 25th, 2010 at 9:42 am
Just as Bailey Building and Loan fought to keep its doors open in It’s a Wonderful Life, the Jimmy Stewart Museum is struggling to stay afloat. The museum in Indiana, Pa., has seen a drop in attendance and state funding over the years.
December 29th, 2010 at 1:02 pm
I tend to have the same problem at times. Try talking to your doctor about medications that could help you get stabilized when these attacks happen. Hope this helps you!
February 4th, 2011 at 12:07 pm
Get the best deal available on Star Wars Figurines in our eBay store. More info.
February 21st, 2011 at 2:06 am
I'm planning on voting against any incumbent.
However, the American public are sadly dreaming if they think this financial disaster will somehow blow over without disastrous consequences for all of us.
Layoffs are already beginning because small business' credit lines have been dropped. The tidal swell is rising and denying its existence is futile.
March 12th, 2011 at 8:08 am
Here's an analogy to explain the bailout. It's like being a boat with a hole in it, that's sinking at a fast rate. So instead of plugging the hole, as in addressing the core problem…the "powers that be" chose to just buy a bigger bucket to bail the water out.
See…the bailout is focused on the wrong end of the problem. The bailout should be focused on the origin of the problem, the defaulting homeowners. The bailout should indemnify defaulting homeowners and pay off the delinquent mortgages.
Stopping the problem at its origin would restore the value of the mortgage-based derivatives and put an end to the crisis.
This approach has the further advantage of stopping the slide in housing prices and ending the erosion of local tax bases that result from foreclosures and houses being dumped on the market. Under the bailout plan, the troubled assets move from the banks’ books to the Treasury’s. But the underlying problem–the continuing diminishment of mortgage and home values–remains and continues to worsen.
So the only people this bailout benefits is the big bankers. Sure, they throw in some window dressing in this final bill to make the public and Congress feel better. It only delays any even bigger economic crash for the future. It's like being on the Titanic, while all the "super-rich" are running to the life boats headed for the islands. They leave the general public below deck to polish the silver, unaware of the real crisis.
Hope this helps…
April 9th, 2011 at 9:33 am
Then what IS true?
April 12th, 2011 at 5:02 pm
ya but the used condomes are tested the goggle searches might fail
May 28th, 2011 at 10:54 am
Greece
June 8th, 2011 at 9:39 pm
If it seems to good to be true, it probably is.
June 22nd, 2011 at 4:29 am
Money spent on hamsters are discretionary income.
During a crisis, discretionary spending is the first to go.
As such, your business will fail.
I recommend converting to a pet food business. Pet food is more of
a mandatory expense. Cause people rather starve than let their dog
die.
June 26th, 2011 at 11:57 am
They dont for the most part. They pay you to show up and do the work rather than solving employee's social problems.
June 30th, 2011 at 4:00 am
yes he can! Lol, that’s nick pitera, he’s a counter-tenor, which basically means his falsetto is so well developed that he sounds like a woman when he goes into it…Check out his channel, its amazing.
July 11th, 2011 at 5:25 pm
Oh cool a dog. *glasses* HOLY FUCK THAT’S AMAZING
July 24th, 2011 at 1:25 am
China ‘ever confident about EU and euro’
Gulf Times
China welcomes a second rescue package for Greece and will always be confident of the eurozone and the region’s currency, Central Bank Governor Zhou Xiaochuan said yesterday. An emergency summit of eurozone leaders on Thursday agreed on a plan for …
and more »
July 31st, 2011 at 12:20 pm
RT #NFL Source: The #Colts have re-signed signed RB Joseph Addai via »
August 4th, 2011 at 8:54 pm
DOW down 500 points? Market is really loving that debt deal i guess.
August 22nd, 2011 at 12:18 am
Tricia Duryee / AllThingsD:
Skype Pays Around $85 Million For GroupMe — Skype has agreed to acquire GroupMe, a company that has developed a way to for a group of people to send messages to each across various smartphone platforms. Terms of the deal were not disclosed. Skype is in the process of being acquired by Microsoft.
August 25th, 2011 at 5:32 am
If you want more manufacturing jobs, you need to lower the minimum wage to compete, or inflate the economy to rob workers of a fair wage.
September 17th, 2011 at 2:39 pm
nice job stacy and max, and koodos to pirate my film . com
September 24th, 2011 at 3:37 am
What’s good braaa?
October 11th, 2011 at 9:12 am
There’s $19 trillion ‘missing’ from the federal reserve. $1 trillion isn’t gonna help much with $18 trillion still unaccounted for.
November 2nd, 2011 at 9:53 am
RT #Greece Summary of events post #referendum announcemt summarized here (GR) on Highlights next #rbnews
November 10th, 2011 at 8:14 pm
I just bought this great deal! Hardcover Photo Book: Detroit via
November 13th, 2011 at 9:59 pm
burada yüzmeye izin veriyorlar mı acaba?
November 20th, 2011 at 7:33 am
The Age
Fallen Olympic star walks free from jail
The Age
Nathan Baggaley pictured with a silver medal he won at the 2004 Olympic Games in Greece. Photo: AP Fallen Olympic kayaking star Nathan Baggaley has been released from a NSW jail after serving four years for manufacturing and dealing ecstasy. …
Olympic kayaker released from prisonThe Australian
all 12 news articles »
November 24th, 2011 at 9:03 pm
Watch Greece vs Korea live exclusive Fifa World Cup 2010 live streaming on pc | Fifa World Cup 2010 live broadcast…
November 28th, 2011 at 11:46 am
bye
December 8th, 2011 at 12:14 am
we found and killed osama
February 2nd, 2012 at 2:08 am
Summary Box: Greece, IMF expect debt deals soon
Boston.com
By AP TALKS INTENSIFY: A Greek government spokesman said two sets of talks, one with private creditors to take losses on bonds they hold and the other with the international community for new bailout loans, must be completed within days to beat a March …
and more »
February 3rd, 2012 at 10:35 am
I don’t want radio play or a deal. I just want to be understood, and give those around me understanding.