Congressman, and many citizens argued the rescue of banks and have gone too far to use the whip in hand by talking rules. Here is one more good article. I guess every one agrees Save 100 by killing one. Wallstreet proved save few sinners to save Nation from economic crises. Whatever things are intrinsically not so simple to filter good vs bad considering there impact. And most time they seem worth to sue for their actions
http://www.nytimes.com/2009/07/18/business/18nocera.html?pagewanted=1&_r=1&em
Sunday, July 19, 2009
Thursday, July 9, 2009
Stimulus Vs Economy
I was among the group who was against the type of stimulus presented this year 2009. The basic perception behind the stimulus was like more money given to people will stimulate the economy. I am surprised how government banked its policies to work by giving around 10 bucks more biweekly and spending on projects that were shelved for years.
One thing I supported right from the beginning was saving banks and infrastructure. I wish institutions like bear sterns, wamu, etc should have been saved. They were true white collar employment boosters which had well respected face in America for generations. When it comes to auto, newspaper, airlines, retail, it depends on the choice for saving because of their individual impacts on the economy, and main of all financials are the back bone for anything. Newspaper are going under technology transformation process, airlines I am not really sure what they need, I believe this industry needs more regulation to be saved.
I believe giving away money for saving businesses than going against them for their wrong practices would have done good. Later at right times those liable business could have been accounted for their practices. Now at this brink of moment their are doubts of double dip recession; but I dont agree this is feasible in near future because of strong big banks. only doubt that leaves me is inspite of 30% evaporation in home values how are still big banks alive, may be answer to this can never be found.
One thing I supported right from the beginning was saving banks and infrastructure. I wish institutions like bear sterns, wamu, etc should have been saved. They were true white collar employment boosters which had well respected face in America for generations. When it comes to auto, newspaper, airlines, retail, it depends on the choice for saving because of their individual impacts on the economy, and main of all financials are the back bone for anything. Newspaper are going under technology transformation process, airlines I am not really sure what they need, I believe this industry needs more regulation to be saved.
I believe giving away money for saving businesses than going against them for their wrong practices would have done good. Later at right times those liable business could have been accounted for their practices. Now at this brink of moment their are doubts of double dip recession; but I dont agree this is feasible in near future because of strong big banks. only doubt that leaves me is inspite of 30% evaporation in home values how are still big banks alive, may be answer to this can never be found.
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