The 700 Million Dollar Bailout

September 18, 2008 is a very important day in the history of economic policy. The House of Representatives and the House of Representatives on this date met with the Federal Reserve Board to discuss the $ 700 million plan to stop credit freezing in the financial markets. This controversial decision had a major impact on the financial markets, and since then changed the economy. This situation arises from the intense gamble of Wall Street against the dangerous housing market. When the real estate market collapsed, it brought a domino effect to the financial market.

Three private jets flying to Washington, DC this week appealed for gold, and it seems that CEO of Big Three will come back to unlimited. They are trying to get $ 25 billion from a $ 70 billion funding plan, but that seems very dark. They also tried to get a $ 25 billion loan to rebuild their factory to make a more fuel-efficient car, but that was not good. Who is the CEO responsible for the problem? Are they accusing the economy and consumers with lack of easy access to credit? It is not that their car is too expensive. It is not that they can not match the quality of foreign-made cars. They are not overly dependent on Tahoes and Expeditions. This is the economy. Consumers can not get sufficient loans to pay more than $ 40,000 in SUVs

From 2012 to 2014, the public often entitled "Banks Pay Full Payments". In fact, they returned an amount of 700 dollars to the Ministry of Finance. In the meantime, however, the value of these banks has nearly doubled, and the rate of increase far exceeds the growth rate of other economies. As of 2013, banks earned more than $ 6 trillion ($ 600 billion) since 2008 - if they do not offer such bad loans to them they will not be doing business at that time . In the face of the wealth that most people have not earned since 2008, the $ 700 billion return is a small gesture for PR activities. If you buy the bank's capital at $ 700 billion in 2008 as well as the loan, its assets will be released.