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	<title>Comments on: No Deal: Bailout Plan Breaks Down</title>
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		<title>By: YeshivaRodefKesef</title>
		<link>http://www.theyeshivaworld.com/news/general/24055/no-deal-bailout-plan-breaks-down.html#comment-103656</link>
		<dc:creator><![CDATA[YeshivaRodefKesef]]></dc:creator>
		<pubDate>Fri, 26 Sep 2008 15:20:48 +0000</pubDate>
		<guid isPermaLink="false">http://www.theyeshivaworld.com/?p=24055#comment-103656</guid>
		<description><![CDATA[#5, Im moideh that I dont know math, I just know how to copy and paste an email I got]]></description>
		<content:encoded><![CDATA[<p>#5, Im moideh that I dont know math, I just know how to copy and paste an email I got</p>
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		<title>By: brit</title>
		<link>http://www.theyeshivaworld.com/news/general/24055/no-deal-bailout-plan-breaks-down.html#comment-103648</link>
		<dc:creator><![CDATA[brit]]></dc:creator>
		<pubDate>Fri, 26 Sep 2008 14:34:01 +0000</pubDate>
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		<description><![CDATA[#5
85bil divided by 200mil is $425 not even enough for a weeks food]]></description>
		<content:encoded><![CDATA[<p>#5<br />
85bil divided by 200mil is $425 not even enough for a weeks food</p>
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		<title>By: akuperma</title>
		<link>http://www.theyeshivaworld.com/news/general/24055/no-deal-bailout-plan-breaks-down.html#comment-103641</link>
		<dc:creator><![CDATA[akuperma]]></dc:creator>
		<pubDate>Fri, 26 Sep 2008 13:12:30 +0000</pubDate>
		<guid isPermaLink="false">http://www.theyeshivaworld.com/?p=24055#comment-103641</guid>
		<description><![CDATA[You will know when the banks are in trouble when people give up their career on Wall Street in order to become teachers, or when bank presidents dream of getting government jobs so they can earn more money.

The people the banks made bad loans to still have their money. Adding a trillion plus dollars will just cause inflation. The country will survive losing the infamous &quot;big&quot; banks, but the world will be badly damaged if the United States prints so much money that ATM machines will have to offer bags to carry the money in.  The US survived the depression of 1932, Germany (as it was) didn&#039;t survive the inflation of 1923. That is something we should keep in mind.]]></description>
		<content:encoded><![CDATA[<p>You will know when the banks are in trouble when people give up their career on Wall Street in order to become teachers, or when bank presidents dream of getting government jobs so they can earn more money.</p>
<p>The people the banks made bad loans to still have their money. Adding a trillion plus dollars will just cause inflation. The country will survive losing the infamous &#8220;big&#8221; banks, but the world will be badly damaged if the United States prints so much money that ATM machines will have to offer bags to carry the money in.  The US survived the depression of 1932, Germany (as it was) didn&#8217;t survive the inflation of 1923. That is something we should keep in mind.</p>
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		<title>By: krunch</title>
		<link>http://www.theyeshivaworld.com/news/general/24055/no-deal-bailout-plan-breaks-down.html#comment-103634</link>
		<dc:creator><![CDATA[krunch]]></dc:creator>
		<pubDate>Fri, 26 Sep 2008 10:46:11 +0000</pubDate>
		<guid isPermaLink="false">http://www.theyeshivaworld.com/?p=24055#comment-103634</guid>
		<description><![CDATA[Typical that the AP &quot;blames&quot; the conservatives. They should be applauded for being responsable, and not wanting Americans to foot the bill.]]></description>
		<content:encoded><![CDATA[<p>Typical that the AP &#8220;blames&#8221; the conservatives. They should be applauded for being responsable, and not wanting Americans to foot the bill.</p>
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		<title>By: 2morecents</title>
		<link>http://www.theyeshivaworld.com/news/general/24055/no-deal-bailout-plan-breaks-down.html#comment-103631</link>
		<dc:creator><![CDATA[2morecents]]></dc:creator>
		<pubDate>Fri, 26 Sep 2008 07:23:08 +0000</pubDate>
		<guid isPermaLink="false">http://www.theyeshivaworld.com/?p=24055#comment-103631</guid>
		<description><![CDATA[Its really funny reading comments from people that cant do basic math or have any understanding about what is going on; screaming bloody murder.

The moral equation of this is irrelevant now. We could discuss who&#039;s at fault for this whole mess (Banks giving out idiotic loans out of greed, people buying homes they should have known they couldn&#039;t afford, short sellers of financial stocks, etc, etc) another time for entertainment purposes if we wish to. The reality that has to be dealt with now is the situation at hand. Try to be unemotional for a minute. Realize that if no action is taken (read that: 700 billion dollars worth) then you, me, the rfilthy rich and the struggling poor will ALL suffer for way too long.

This &quot;Goverment bailout&quot; is a gift to us if the government is still willing to exercise it. All gifts come with a price tag, but this price tag is much, much easier to swallow than toughing it through. Guaranteed.

If it makes you all feel better to put it in perspective; before the &quot;bailout&quot; this country already has a deficit of OVER 10 trillion dollars. This was basically the case for a pretty long time and no one seemed to be crying. Now it will be over 11 trillion instead of only 10 trillion. 

Boo Hoo. Get over it.]]></description>
		<content:encoded><![CDATA[<p>Its really funny reading comments from people that cant do basic math or have any understanding about what is going on; screaming bloody murder.</p>
<p>The moral equation of this is irrelevant now. We could discuss who&#8217;s at fault for this whole mess (Banks giving out idiotic loans out of greed, people buying homes they should have known they couldn&#8217;t afford, short sellers of financial stocks, etc, etc) another time for entertainment purposes if we wish to. The reality that has to be dealt with now is the situation at hand. Try to be unemotional for a minute. Realize that if no action is taken (read that: 700 billion dollars worth) then you, me, the rfilthy rich and the struggling poor will ALL suffer for way too long.</p>
<p>This &#8220;Goverment bailout&#8221; is a gift to us if the government is still willing to exercise it. All gifts come with a price tag, but this price tag is much, much easier to swallow than toughing it through. Guaranteed.</p>
<p>If it makes you all feel better to put it in perspective; before the &#8220;bailout&#8221; this country already has a deficit of OVER 10 trillion dollars. This was basically the case for a pretty long time and no one seemed to be crying. Now it will be over 11 trillion instead of only 10 trillion. </p>
<p>Boo Hoo. Get over it.</p>
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		<title>By: fun unzere</title>
		<link>http://www.theyeshivaworld.com/news/general/24055/no-deal-bailout-plan-breaks-down.html#comment-103626</link>
		<dc:creator><![CDATA[fun unzere]]></dc:creator>
		<pubDate>Fri, 26 Sep 2008 05:54:25 +0000</pubDate>
		<guid isPermaLink="false">http://www.theyeshivaworld.com/?p=24055#comment-103626</guid>
		<description><![CDATA[#5 who taught you math? If you give 200 million people $1000, that&#039;s already $200 billion!!]]></description>
		<content:encoded><![CDATA[<p>#5 who taught you math? If you give 200 million people $1000, that&#8217;s already $200 billion!!</p>
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		<title>By: fun unzere</title>
		<link>http://www.theyeshivaworld.com/news/general/24055/no-deal-bailout-plan-breaks-down.html#comment-103625</link>
		<dc:creator><![CDATA[fun unzere]]></dc:creator>
		<pubDate>Fri, 26 Sep 2008 05:47:15 +0000</pubDate>
		<guid isPermaLink="false">http://www.theyeshivaworld.com/?p=24055#comment-103625</guid>
		<description><![CDATA[Seems like many don&#039;t understand at all what&#039;s going on and why we&#039;re all in this together.
When a bank opens, let&#039;s they borrow a million dollars and give 4 people mortgages of 1/4 million each. Then they don&#039;t have any money left, so they sell these for mortgages for about 300k each (assuming it has good collateral and a high probability of getting back all the money plus all the interest). Then they use that money to write new loans, and eventually sell those loans. If at one point they have to make payments to whoever lent them the money that they are using, and they don&#039;t have any cash, they will lower the price and try to sell it at a discount. As long as someone else will buy it, they can stay in business. If there is no other bank willing to buy those loans (meaning to lend them the money that they lent out) then they will go bankrupt. 
Since every bank is in this business of borrowing money and then using it for loans, if they have to make payments and no one is willing to take risks anymore and lend them the money, then they will all not be able to function anymore. That means many banks will close, and even the banks that stay open will be reluctant to lend. You will not be able to finance cars, homes, businesses, or even student loans.
The problem is how to evaluate a loan in the current market, where no one can be certain that it will be paid back, and usually the collateral is no good anymore. That means that a 300k loan will only be worth 200k. If a bank is not desperate then it will wait until things stabilize. But since no banks are willing to lend to each other anymore, if a bank is desperate to pay its obligations to its lenders it must sell its loans and they will probably only get 100k for that loan.
The issue now is not to save specific banks, the issue is to stabilize the entire banking industry so that banks will be able to function. The problem is everyone&#039;s not just the banks.

And by the way, it was not only the rich who cheated, the problems all started with subprimes, with the people who were making a little money and borrowed crazy amounts which they couldn&#039;t afford.]]></description>
		<content:encoded><![CDATA[<p>Seems like many don&#8217;t understand at all what&#8217;s going on and why we&#8217;re all in this together.<br />
When a bank opens, let&#8217;s they borrow a million dollars and give 4 people mortgages of 1/4 million each. Then they don&#8217;t have any money left, so they sell these for mortgages for about 300k each (assuming it has good collateral and a high probability of getting back all the money plus all the interest). Then they use that money to write new loans, and eventually sell those loans. If at one point they have to make payments to whoever lent them the money that they are using, and they don&#8217;t have any cash, they will lower the price and try to sell it at a discount. As long as someone else will buy it, they can stay in business. If there is no other bank willing to buy those loans (meaning to lend them the money that they lent out) then they will go bankrupt.<br />
Since every bank is in this business of borrowing money and then using it for loans, if they have to make payments and no one is willing to take risks anymore and lend them the money, then they will all not be able to function anymore. That means many banks will close, and even the banks that stay open will be reluctant to lend. You will not be able to finance cars, homes, businesses, or even student loans.<br />
The problem is how to evaluate a loan in the current market, where no one can be certain that it will be paid back, and usually the collateral is no good anymore. That means that a 300k loan will only be worth 200k. If a bank is not desperate then it will wait until things stabilize. But since no banks are willing to lend to each other anymore, if a bank is desperate to pay its obligations to its lenders it must sell its loans and they will probably only get 100k for that loan.<br />
The issue now is not to save specific banks, the issue is to stabilize the entire banking industry so that banks will be able to function. The problem is everyone&#8217;s not just the banks.</p>
<p>And by the way, it was not only the rich who cheated, the problems all started with subprimes, with the people who were making a little money and borrowed crazy amounts which they couldn&#8217;t afford.</p>
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		<title>By: mark levin</title>
		<link>http://www.theyeshivaworld.com/news/general/24055/no-deal-bailout-plan-breaks-down.html#comment-103623</link>
		<dc:creator><![CDATA[mark levin]]></dc:creator>
		<pubDate>Fri, 26 Sep 2008 05:37:56 +0000</pubDate>
		<guid isPermaLink="false">http://www.theyeshivaworld.com/?p=24055#comment-103623</guid>
		<description><![CDATA[kollelguy_dot_com,

Its YOUR money too.  We cannot allow a donation to help them.    I would like to know why the govt cant waive certain taxes (not payroll) that companies pay for a period of 2 years? Let them have their money so they could do as they please.  This will help the economy more than the bail out and it will keep us from having to pay back the 1 trillion (thats TWELVE ZEROS!).

I also would like to see a complete investigation into the congress persons who have recevied nice funds from these institutions.]]></description>
		<content:encoded><![CDATA[<p>kollelguy_dot_com,</p>
<p>Its YOUR money too.  We cannot allow a donation to help them.    I would like to know why the govt cant waive certain taxes (not payroll) that companies pay for a period of 2 years? Let them have their money so they could do as they please.  This will help the economy more than the bail out and it will keep us from having to pay back the 1 trillion (thats TWELVE ZEROS!).</p>
<p>I also would like to see a complete investigation into the congress persons who have recevied nice funds from these institutions.</p>
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		<title>By: YeshivaRodefKesef</title>
		<link>http://www.theyeshivaworld.com/news/general/24055/no-deal-bailout-plan-breaks-down.html#comment-103620</link>
		<dc:creator><![CDATA[YeshivaRodefKesef]]></dc:creator>
		<pubDate>Fri, 26 Sep 2008 04:22:30 +0000</pubDate>
		<guid isPermaLink="false">http://www.theyeshivaworld.com/?p=24055#comment-103620</guid>
		<description><![CDATA[I HAVE THE SOLUTION: Hear me out a minute here !

Instead of bailing out AIG, I&#039;m in favor of giving $85,000,000,000 to all Americans as a 
&quot;Dividend&quot;.
To make the math simple, let&#039;s assume there are 200,000,000 bonafide U.S. 
Citizens 18+
 
Our population is about 301,000,000 +/- counting every man, woman and child. 
So 200,000,000 might be a fair stab at adults 18 and up..
 
So divide 200 million adults 18+  into $85 billion that equals to a hefty 
&quot;$425,000.00&quot;
 
My plan is to give $425,000 to every person 18+ as a &quot;Dividend&quot; 
Of course, it would NOT be tax free. So let&#039;s assume a tax rate of 30%.
 
Every individual 18+ has to pay $127,500.00 in taxes.20That sends $25.5 Billion 
right back to Uncle Sam.
 
But it means that every adult 18+ has $297,500.00 in their pocket.
A husband and wife have $595,000.00.
 
What would you do with $297,500.00 to $595,000.00 in your family?
Pay off your mortgage – &quot;housing crisis solved&quot;
Repay college loans – &quot;a great boost to new grads&quot;
Put away money for college – &quot;it&#039;ll be there&quot;
Save it in a bank – &quot;create money to loan to entrepreneurs&quot;
Buy a new20car – &quot;create jobs&quot;
Invest in the market – &quot;capital drives growth&quot;
Pay for your parent&#039;s medical insurance – &quot;health care improves&quot;
 
Remember this is for every adult U S Citizen 18+  including the folks who lost 
their jobs at 
Lehman Brothers and every other company
If we&#039;re going to re-distribute wealth let&#039;s really do it...instead of trickling 
out
If we&#039;re going to do an $85 billion bailout, let&#039;s bail out every adult U S 
Citizen 18+
As for AIG – liquidate it and Sell off its parts.
Sell off the real estate. Let the private sector bargain hunters cut it up and 
clean it up.
 
Here&#039;s my rationale. We deserve it and &quot;AIG doesn&#039;t&quot; we were not invited to the 
last 10  years of &quot;party time&quot; bonuses
  
And remember, The this plan only really costs $59.5 Billion because $25.5 
Billion is returned instantly in taxes to Uncle  Sam.]]></description>
		<content:encoded><![CDATA[<p>I HAVE THE SOLUTION: Hear me out a minute here !</p>
<p>Instead of bailing out AIG, I&#8217;m in favor of giving $85,000,000,000 to all Americans as a<br />
&#8220;Dividend&#8221;.<br />
To make the math simple, let&#8217;s assume there are 200,000,000 bonafide U.S.<br />
Citizens 18+</p>
<p>Our population is about 301,000,000 +/- counting every man, woman and child.<br />
So 200,000,000 might be a fair stab at adults 18 and up..</p>
<p>So divide 200 million adults 18+  into $85 billion that equals to a hefty<br />
&#8220;$425,000.00&#8243;</p>
<p>My plan is to give $425,000 to every person 18+ as a &#8220;Dividend&#8221;<br />
Of course, it would NOT be tax free. So let&#8217;s assume a tax rate of 30%.</p>
<p>Every individual 18+ has to pay $127,500.00 in taxes.20That sends $25.5 Billion<br />
right back to Uncle Sam.</p>
<p>But it means that every adult 18+ has $297,500.00 in their pocket.<br />
A husband and wife have $595,000.00.</p>
<p>What would you do with $297,500.00 to $595,000.00 in your family?<br />
Pay off your mortgage – &#8220;housing crisis solved&#8221;<br />
Repay college loans – &#8220;a great boost to new grads&#8221;<br />
Put away money for college – &#8220;it&#8217;ll be there&#8221;<br />
Save it in a bank – &#8220;create money to loan to entrepreneurs&#8221;<br />
Buy a new20car – &#8220;create jobs&#8221;<br />
Invest in the market – &#8220;capital drives growth&#8221;<br />
Pay for your parent&#8217;s medical insurance – &#8220;health care improves&#8221;</p>
<p>Remember this is for every adult U S Citizen 18+  including the folks who lost<br />
their jobs at<br />
Lehman Brothers and every other company<br />
If we&#8217;re going to re-distribute wealth let&#8217;s really do it&#8230;instead of trickling<br />
out<br />
If we&#8217;re going to do an $85 billion bailout, let&#8217;s bail out every adult U S<br />
Citizen 18+<br />
As for AIG – liquidate it and Sell off its parts.<br />
Sell off the real estate. Let the private sector bargain hunters cut it up and<br />
clean it up.</p>
<p>Here&#8217;s my rationale. We deserve it and &#8220;AIG doesn&#8217;t&#8221; we were not invited to the<br />
last 10  years of &#8220;party time&#8221; bonuses</p>
<p>And remember, The this plan only really costs $59.5 Billion because $25.5<br />
Billion is returned instantly in taxes to Uncle  Sam.</p>
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		<title>By: Dr D</title>
		<link>http://www.theyeshivaworld.com/news/general/24055/no-deal-bailout-plan-breaks-down.html#comment-103619</link>
		<dc:creator><![CDATA[Dr D]]></dc:creator>
		<pubDate>Fri, 26 Sep 2008 03:58:49 +0000</pubDate>
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		<description><![CDATA[You simply do not understand. This is not about bailing out the rich. This is about avoiding a major depression like the one in the early 30s that caused a third of the workforce to be unemployed and lined up for food all day. There is a growing run on all of the banks and all of the investment houses. There is no money to borrow anywhere. Companies are about to begin massive layoffs because they cannot borrow money to start new projects and they can&#039;t collect the money owed to them. This country is grinding to a financial stop. This is VERY serious, VERY dangerous for everyone, especially frum Jews. Experts / Mumchas are TERRIFIED by what&#039;s going on. The greed of so many is spinning this country more and more rapidly to a total financial collapse, Heaven forbid. THIS IS NOT THE TIME FOR POLITICS OR SIMPLISTIC NEGATIVISM. Hashem Yerachaim Aleinu.]]></description>
		<content:encoded><![CDATA[<p>You simply do not understand. This is not about bailing out the rich. This is about avoiding a major depression like the one in the early 30s that caused a third of the workforce to be unemployed and lined up for food all day. There is a growing run on all of the banks and all of the investment houses. There is no money to borrow anywhere. Companies are about to begin massive layoffs because they cannot borrow money to start new projects and they can&#8217;t collect the money owed to them. This country is grinding to a financial stop. This is VERY serious, VERY dangerous for everyone, especially frum Jews. Experts / Mumchas are TERRIFIED by what&#8217;s going on. The greed of so many is spinning this country more and more rapidly to a total financial collapse, Heaven forbid. THIS IS NOT THE TIME FOR POLITICS OR SIMPLISTIC NEGATIVISM. Hashem Yerachaim Aleinu.</p>
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