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Getting out of debt by going into more debt?
Posted on 9/18/08 at 4:35 pm
Posted on 9/18/08 at 4:35 pm
These fed bailouts, isn't it adding onto more debt? How could this be any good for our economy?
"Brokers borrow $121 Billion from the Fed"
Ridiculous.
"Brokers borrow $121 Billion from the Fed"
Ridiculous.
This post was edited on 9/18/08 at 4:36 pm
Posted on 9/18/08 at 5:15 pm to PurpleJersey
well, if the nations largest insurance provider didnt get this loan, they would go under rendering all of their policies worthless. The loss of jobs would be stunning when considering it's effects on other industries...
So basicly, what's the better alternative? Bombing our economy or bailing them out with a loan they should be able to pay back in 2 years?
So basicly, what's the better alternative? Bombing our economy or bailing them out with a loan they should be able to pay back in 2 years?
Posted on 9/18/08 at 5:16 pm to PurpleJersey
The AIG bridge loan has a high interest rate with huge equity kickesr. I think it's a good deal for us.
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