The government is stepping in. Big Banks and small banks will be helped. $250 billion will be invested, half for big and half for small. There will be guarantees for new debt. Small business will find help with increases in Federal deposit insurance. Hopefully they will stay afloat and lose fears of lending. This will be the only way to keep financing alive. At least according to Paulson. Then again, Washington is now controlling most of American banking. Their plans have not always worked before, but hopefully this will.
Good or bad? Conservatives cringe. Liberals like Brad de Long sing. Republicans are crying out ideologies of socialism with this plan. But is there any other way? Democrats have been preaching this since the beginning. Liberals want regulation, Conservatives are afraid of losing their deregulation. It doesn't benefit the nation anymore, but some Conservatives benefit. Either way, the banks have to accept for the good of the nation. The government will benefit from profits. And thats better than only corportate individuals recieving benefits.
A First Look at Phoebe Philo’s New Collection
19 hours ago
_KIJU%20copy.jpg)
2 comments:
Britney,
I thought the $250 billion investment and the bank nationalization were identical. Is there a difference between the two? Also, I have heard that Democrats, even though they support this plan, are criticizing Paulson's management of the plan. Do you think that this is prevalent in the Democratic community? What, exactly, are conservatives benefiting from? Finally, how is this writing style playing out for you?
Tommy
The writing style was a bit of a challenge but I have to say it grew on me...The $250 billion investment and the bank nationalization are essentially the same, but my focus on the nationalization was trying to show the banks control over those once-publically owned banks. I am a little confused with what you mentioned about democrats...do you mean criticism is prevalent within the democratic community?
Post a Comment