Anatoly Lubarsky Logo
programming, design, integration, games, music

Thoughts on Financial Crisis

What I think about ongoing financial crisis in US is this:


Obviously the facts are that only few could predict the situation and almost nobody is able to explain to the public the history and the root of the problem so people could understand it 100%.


Therefore I think that 700 billion bailout plan or other similar plans are just attempts to solve the problem which people in charge are not able to understand or define correctly. So... If people in charge still are not able to define and explain the problem in details short term — no need to intervent the U.S. economy.


It's gone. Let all these failed banks die and CEOs responsible should go to jail. IMHO.


Related Posts:

Tuesday, September 30, 2008 3:42 AM

Comments

# re: Thoughts on Financial Crisis
the same thing happened during the great depression - people borrowing money beyond their means to repay and reinvesting that money. The banks fault is that allowed the people to borrow that money. When real estate market crashed and interest rates rose people could not afford the mortgage/loans they borrowed and they could not sell their houses which now cost much less than what they bought them for.

If more and more banks fail there will be more and more people out of the job and out of income. will create a domino effect throughout the economy - people not buying goods, banks not giving loans for people to start businesses, etc.
Also the stock market is losing its value -most of americans have money invested in the stock market either through their retirement money or through their personal investments these people are losing money too.

9/30/2008 9:10 AM by misha

# re: Thoughts on Financial Crisis
Still can't get it how all of them surprisingly fail during one week :)

The following period will be painful of course, this is mostly due to the stock market sink.

On the other side people would avoid to buy expensive goods and spend money on unneccessary things should drop prices.

9/30/2008 10:23 AM by Anatoly Lubarsky

Login

Subscribe via RSS

Article Categories

.Net Framework
ASP.NET Tips
C# Win32 API
HTML, CSS, Web
Javascript Tips
MSSQL Tips
System
System.Net
WebServices

Archives

(01) September 2019
(02) January 2018
(01) June 2013
(03) March 2013
(02) February 2013
(01) July 2012
(01) April 2012
(01) September 2011
(01) August 2011
(03) May 2011
(01) December 2010
(01) November 2010
(01) October 2010
(01) June 2010
(01) May 2010
(02) March 2010
(01) January 2010
(02) December 2009
(03) September 2009
(03) August 2009
(09) July 2009
(04) June 2009
(03) May 2009
(02) April 2009
(03) March 2009
(02) February 2009
(02) January 2009
(04) December 2008
(04) November 2008
(05) October 2008
(04) September 2008
(05) August 2008
(04) July 2008
(05) June 2008
(07) May 2008
(04) April 2008
(03) March 2008
(02) February 2008
(03) January 2008
(03) December 2007
(05) November 2007
(04) October 2007
(05) September 2007
(12) August 2007
(11) July 2007
(14) June 2007
(13) May 2007
(13) April 2007
(10) March 2007
(11) February 2007
(14) January 2007
(14) December 2006
(12) November 2006
(08) October 2006
(09) September 2006
(06) August 2006
(08) July 2006
(10) June 2006
(09) May 2006
(22) April 2006
(25) March 2006
(12) February 2006
(14) January 2006
(19) December 2005
(17) November 2005
(16) October 2005
(16) September 2005
(12) August 2005
(14) July 2005
(09) June 2005
(12) May 2005
(12) April 2005
(20) March 2005
(11) February 2005
(12) January 2005
(18) December 2004
(13) November 2004
(12) October 2004
(14) September 2004
(09) August 2004
(23) July 2004
(19) June 2004
(29) May 2004
(19) April 2004
(16) March 2004
(09) February 2004
(06) January 2004
(02) December 2003
(01) November 2003

Post Categories

.Net and C#
Android
Antispam
App. Development
Architecture
ASP.NET
Blogging
Deprecated Projects
Facebook Platform
Fun
Google
iOS
Javascript
Misc.
MSSQL
Music
My Games
Performance
Roller
Social Networks
Tools
Visual Studio
Web 2.0
WebServices

About Me

linkedin Profile
Recs
Who am I

My Sites

Billy Beet
x2line blogs