Comments on: What Is Actually Included In the Bailout Legislation?

By: Nene

Nene — Wed, 15 Oct 2008 23:09:46 +0000

I have a paper on the bailout plan. I would like to use some info. from this, but Frank who are you exactly? Are you creditable? Did you get this info from a site and if so, what’s the source? My email is kobe1shaq1@aol.com.

By: Best of September 2008 and PrimeTime QuickHits | Prime Time Money

Best of September 2008 and PrimeTime QuickHits | Prime Time Money — Sun, 05 Oct 2008 21:18:41 +0000

[...] Series: Wall Street Bailout Explanation, plus, parts 2, 3, and 4. (@ Milk Your [...]

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Festive Link Love Carnivality #27 | Free From Broke — Sun, 05 Oct 2008 12:45:50 +0000

[...] Milk Your Money tells us what the bailout plan includes. [...]

By: Frank

Frank — Fri, 03 Oct 2008 16:27:04 +0000

@ Jim, My guess is that property values, although not right away, will experience a bump from the bailout legislation because the Government will be pumping money into the housing sector. This will free up banks to offer loans, which in turn could give them more flexibility to work with struggling homeowners to refinance their existing mortgages in addition to offering mortgages to potential homeowners. However, foreclosures will still happen for awhile and I’m guessing will slow the housing recovery. My fear is that if we experience a housing bump quickly, it would be phantom confidence in the markets that causes the uptick in prices. Then when the Government decides to unload some of these mortgage-backed securities they could cause the housing prices to fluctuate back down again because of the shock of excessive mortgage related securities on the market.

By: Jim K

Jim K — Fri, 03 Oct 2008 15:06:44 +0000

It’s no wonder we’re confused. The net benefit of this “bailout” seems to be easier access to credit again. Yet the main point made to prevent this from happening again, is to quit using credit. And why increase the FDIC to $250K to make this more palatable to us peons. I can tell you right now, the vast majority of my friends are no where near $25K in the bank, let alone $250K. And how does this even come close to help all those greedy folks whose mortgages are failing now – where does the value of that property go when the government takes it over? The way I see it, I’ll be not only paying for my within my means mortgage, but through my taxes will also be paying for many others.

By: Frank

Frank — Fri, 03 Oct 2008 14:17:17 +0000

@ Andrew – You make a good point. What seems to get lost in the bailout talks is the average consumer. Unfortunately, nothing in the package is directly drafted at the everyday investor, but the principle of the entire package is to protect them. The common person really has to take a financial gut check for the next few years. It’s time to start living within our means, create a savings, try to get out of debt–all are things we should have been doing anyways. All of these suggestions take time, but making money takes time.

By: Andrew Abraham

Andrew Abraham — Fri, 03 Oct 2008 12:09:50 +0000

Honestly…what does it matter what is in the legislation… seems we are doomed if do ..and doomed if we dont… all week the forum and chats on myinvestorsplace.com were buzzing with everyones opinion… but the bottom line is that …what is the common person suppose to do… I would like to hear input or suggestions…

By: Ben k

Ben k — Fri, 03 Oct 2008 03:00:15 +0000

Im glad they passed this bill, because we would be waiting around 5 – 10 years before the economy fixed its self. I strongly agree with the “HOPE Homeowners” chapter.

I was reading the financial news at (www.finance-maker.com) and they had an article of what would have happened if the bail out didn’t happen, its very intrusting.

Link below.

http://www.finance-maker.com/no-us-government-bail-out/

nice post keep up the good work