Indianexpress.com : comments : White House plans new bailout deal

White House plans new bailout deal

Washington, September 30:: Top congressional and White House officials, stunned when the House rejected a massive rescue plan for the nation's economy, scrambled to structure a new bailout proposal that would attract reluctant lawmakers and still soothe the unnerved financial markets. "Doing nothing is not an option," Ho ....Read more

Comments

Post comment

6 Comments |

Capitalim???By: mathew | Tuesday , 30 Sep '08 20:26:31 PM Reply | Forward A departure from keynesian prescriptions recommending government regulations in a cpitalist economy and excessive reliance on marketism led to this situation

The real truthBy: Baatul | Tuesday , 30 Sep '08 15:45:05 PM Reply | Forward Globalization is a loose cannon people use. The real problem is too much of "VIRTUAL MONEY" in the market which was generated by "EXOTIC FINANCIAL INSTRUMENTS". Thus, lot of money was chasing very few ASSETS making those assets costly. This bubble had to burst sometime. The good (or bad) part of it is that it will take some breather after which the business of "MONEY" out of "EXOTIC INSTRUMENTS" will start again and AGAIN the whole cycle would start again. We can be called victims of GLOBALIZATION if Indian govt allows such "EXOTIC INSTRUMENTS" and "HEDGE FUND MANAGERS" work un-checked in India. Until then, we are safe even if we allow to import CHEAP, DEFECTIVE CHINESE GOODS.

The real truthBy: Baatul | Tuesday , 30 Sep '08 15:44:25 PM Reply | Forward Globalization is a loose cannon people use. The real problem is too much of "VIRTUAL MONEY" in the market which was generated by "EXOTIC FINANCIAL INSTRUMENTS". Thus, lot of money was chasing very few ASSETS making those assets costly. This bubble had to burst sometime. The good (or bad) part of it is that it will take some breather after which the business of "MONEY" out of "EXOTIC INSTRUMENTS" will start again and AGAIN the whole cycle would start again. We can be called victims of GLOBALIZATION if Indian govt allows such "EXOTIC INSTRUMENTS" and "HEDGE FUND MANAGERS" work un-checked in India. Until then, we are safe even if we allow to import CHEAP, DEFECTIVE CHINESE GOODS.

Capitalism in crisisBy: Paramjit Bahia | Tuesday , 30 Sep '08 14:23:13 PM Reply | Forward Very interesting now the pillers of capitalism USA and its side kick UK are now suggesting semi-socialism as solution to solve these crisis. Their obsession with globalisation and free markets, which have caused all this mess, has also been adopted by India. So it is only matter of time that copy cating the West will also produce similar dire consequences. Be warned, writing is on the wall.

Capitalism in crisisBy: Paramjit Bahia | Tuesday , 30 Sep '08 14:21:19 PM Reply | Forward Very interesting now the pillers of capitalism USA and its side kick UK are now suggesting semi-socialism as solution to solve these crisis. Their obsession with globalisation and free markets, which have caused all this mess, has also been adopted by India. So it is only matter of time that copy cating the West will also produce similar dire consequences. Be warned, writing is on the wall.

Capitalism in crisisBy: Paramjit Bahia | Tuesday , 30 Sep '08 14:15:57 PM Reply | Forward Very interesting now the pillers of capitalism USA and its side kick UK are now suggesting semi-socialism as solution to solve these crisis. Their obsession with globalisation and free markets, which have caused all this mess, has also been adopted by India. So it is only matter of time that copy cating the West will also produce similar dire consequences. Be warned, writing is on the wall.