How would the $700B Bailout Plan affect my personal finance?
Bret asked:
If the bill passes? If the bill does not pass? How will the bill affect my investments, stocks, my bank accounts?
Kerry
If the bill passes? If the bill does not pass? How will the bill affect my investments, stocks, my bank accounts?
Kerry
June 12th, 2009 at 7:34 am
No one can answer that with certainty. We don’t even know just what’s in the bill yet.
June 15th, 2009 at 12:31 pm
Bank accounts are federally insured.
Investments: there will be impressive investments opportunities.
Everyone is gearing up for the biggest bull market in the history of the stock market.
June 16th, 2009 at 7:54 am
If the bill passes, you and every American for the next several generations will be reduced to virtual slavery. You will be so busy struggling to not even get by that you will never ever have time to actually participate in democracy like a real citizen. We will all be serfs in this corporatist empire.
The rich get richer while hardworking Americans have less and less in their lives.
Bush and McCain want to rob at least 700 billion dollars from hardworking Americans and their families to pay the salaries of all the super-rich fat cats on Wall Street. The middle class will essentially not exist any more if this thing ever passes. And, the criminals in Washington are co-conspiring with the criminals on Wall Street to see to it that our children, our grandchildren, and generations even further than that in the future will be reduced to virtual slavery in order to pay off this huge debt that the wealthy top 5% of the country has run up through CEO excess and criminal mismanagement.
Let’s see some CEO’s get their salaries cut by two-thirds; let’s see their homes foreclosed and all of their belongings auctioned off. Let’s see their kids in rags, riding the school bus, and in line for the breakfast program in school. Let’s see some of those mega-wealthy CEO’s and their wives on the street corner with signs reading “Will Work for Food.” Because if they aren’t willing to pony up all of their assets, then why should hardworking Americans have to?
Until the government is willing to bailout American workers and their families by ensuring they can keep their homes, by ensuring they have access to affordable healthcare, and by ensuring that they receive a fair, living wage in a safe working environment that is tolerant of workers’ collective bargaining, then I reject any so-called bailout the criminals in Washington propose.
As long as the government cares more about bailing out the super-rich corporate criminals that have gotten fat off of robbing our economy blind and that have inflicted a far more serious wound against our nation than anything that resulted from 9/11, then I oppose any so-called bailout.
Keep the heat up on Congress. Tell them NO BAILOUT FOR THE RICH. Bailout the American people!!! NOT CORPORATE CRIMINALS
June 17th, 2009 at 9:51 pm
not really sure, but in my opinion, this is not fair to us, because why should the banks get the money, when the people suffered this crysis, i think each person should get money who suffered from this economy crysis. Not the banks, that will take the money put it in their pockets and go bankrupt again!
June 18th, 2009 at 2:42 pm
If your horizon is say 10 years or so, your stock investments should be fine. However, I would check my back accounts and other investments, to ensure that they are not directly linked to the mortgage-related and credit swap deals that are the root causes of this conundrum in the first place. I would also look for some portfolio re-balancing opportunities if I can see some.
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