Collarspace Discussion Forums


Home  Login  Search 

Soros Proposes Alternative Plan


View related threads: (in this forum | in all forums)

Logged in as: Guest
 
All Forums >> [Casual Banter] >> Off the Grid >> Soros Proposes Alternative Plan Page: [1]
Login
Message << Older Topic   Newer Topic >>
Soros Proposes Alternative Plan - 10/1/2008 12:48:39 PM   
Kirata


Posts: 15477
Joined: 2/11/2006
From: USA
Status: offline 		Soros has come out against the rescue package as currently crafted. He says Paulson's idea of having taxpayers buy up toxic assets is poorly conceived. Instead, he recommends using the money to recapitalize the banking system so that banks can start lending again, relying on bank examiners to determine the capital requirements of the various banks. It's an interesting read,
 
The Hill reports the story here:
http://thehill.com/leading-the-news/soros-floats-alternative-bailout-plan-with-dems-2008-09-30.html
 
Soros FT editorial is here:
http://www.ft.com/cms/s/0/d68e10cc-8f45-11dd-946c-0000779fd18c.html?nclick_check=1
 
K.
 
 
 
Profile   Post #: 1
RE: Soros Proposes Alternative Plan - 10/1/2008 1:23:13 PM   
Vendaval


Posts: 10297
Joined: 1/15/2005
Status: offline 		I am not an economic expert but am happy that debate and dialogue is happening rather than blindly following whatever the current Administration claims is needed.  Now is the time for all the critical thinking questions to be raised, not after the fact and 20 years later when the next generation asks what the hell happened.

_____________________________

"Beware, the woods at night, beware the lunar light.
So in this gray haze we'll be meating again, and on that
great day, I will tease you all the same."
"WOLF MOON", OCTOBER RUST, TYPE O NEGATIVE


http://KinkMeet.co.uk

(in reply to Kirata)
Profile   Post #: 2
RE: Soros Proposes Alternative Plan - 10/1/2008 1:51:22 PM   
corysub


Posts: 1492
Joined: 1/1/2004
Status: offline
quote:

ORIGINAL: Vendaval

I am not an economic expert but am happy that debate and dialogue is happening rather than blindly following whatever the current Administration claims is needed.  Now is the time for all the critical thinking questions to be raised, not after the fact and 20 years later when the next generation asks what the hell happened.



I would agree that it is wrong to follow anything blindly that comes out of Washington...from either the Executive or especially the Pelosi/Reid Legislative Branch, which happens to have an almost non-existent poplularity with the public at around 10%!

I also think the issue today needs the Bill before Congress to be passed with the protections and upside participation for the taxpayers in any recovery, as well as clear and well-defined oversight.  We need this NOW to give the markets and the public confidence in the system...confidence that when they go to the bank their money will be there...and when they go to work next week, their job will be there. Once we see some stabilization in the credit market than we can go back and refine programs to better stimulate a recovery.


(in reply to Vendaval)
Profile   Post #: 3
RE: Soros Proposes Alternative Plan - 10/1/2008 1:57:09 PM   
rexrgisformidoni


Posts: 578
Joined: 9/20/2008
Status: offline 		I've called both senators, both dc and local offices and my Representative twice voicing my disgust and disapproval.

(in reply to corysub)
Profile   Post #: 4
RE: Soros Proposes Alternative Plan - 10/1/2008 2:00:07 PM   
popeye1250


Posts: 18104
Joined: 1/27/2006
From: New Hampshire
Status: offline 		"Washington" needs to S.T.F.U. and listen to what The People want to do.
Then act on it.

_____________________________

"But Your Honor, this is not a Jury of my Peers, these people are all decent, honest, law-abiding citizens!"

(in reply to rexrgisformidoni)
Profile   Post #: 5
RE: Soros Proposes Alternative Plan - 10/1/2008 3:21:22 PM   
cloudboy


Posts: 7306
Joined: 12/14/2005
Status: offline
Its just mind boggling how these financial assholes complicated our mortgage system. The simplest of all financial transactions, a home loan, now has the overtones of whacked out, 1980s style junk bond financing.


(in reply to Kirata)
Profile   Post #: 6
RE: Soros Proposes Alternative Plan - 10/1/2008 3:22:48 PM   
cloudboy


Posts: 7306
Joined: 12/14/2005
Status: offline
quote:

ORIGINAL: popeye1250

"Washington" needs to S.T.F.U. and listen to what The People want to do.
Then act on it.



The people want a stable economy and economic prosperity. Now what?

(in reply to popeye1250)
Profile   Post #: 7
RE: Soros Proposes Alternative Plan - 10/1/2008 3:38:22 PM   
MrRodgers


Posts: 10542
Joined: 7/30/2005
Status: offline
quote:

ORIGINAL: popeye1250

"Washington" needs to S.T.F.U. and listen to what The People want to do.
Then act on it.

Don't hold your breath and soon it will be too late...they are voting tonight on a bailout of wall street according to wall streets needs. There will be conflicts of interest, serious profits to be made and any number of foreign 'sovereign wealth' funds are already lurking like vulchers for the selling off of the rest of American labor's debt service.

(in reply to popeye1250)
Profile   Post #: 8
Page:   [1]
All Forums >> [Casual Banter] >> Off the Grid >> Soros Proposes Alternative Plan Page: [1]
Jump to:





New Messages No New Messages
Hot Topic w/ New Messages Hot Topic w/o New Messages
Locked w/ New Messages Locked w/o New Messages
 Post New Thread
 Reply to Message
 Post New Poll
 Submit Vote
 Delete My Own Post
 Delete My Own Thread
 Rate Posts




Collarchat.com © 2025
Terms of Service Privacy Policy Spam Policy

0.063