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White House plans new bailout deal

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    • Associated Press Tags : wall street, crisis, us, bailout plan Posted: Tuesday , Sep 30, 2008 at 1353 hrs
    Wall-street
    White House officials scrambled to structure a new proposal that would attract reluctant lawmakers. (Reuters)

    Republicans, already seeking possible votes, floated several ideas. One would double the $100,000 ceiling on federal deposit insurance. Another would end rules that require companies to devalue assets on their books to reflect the price they could get in the market.

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    Capitalim???By: mathew | 30-Sep-2008 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 | 30-Sep-2008 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 | 30-Sep-2008 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 | 30-Sep-2008 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 | 30-Sep-2008 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.
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