No, the bailout means that the government will buy loan companies and banks that are going into bankruptcy. It is believed that this will prevent the economy from crashing. The plan here is to sell these loan in a future date for a profit…maybe.
No. What will most likely happen, is that a portion from the profits of the bailout will be used to pay the gov’t back.
Second, I have a feeling that tons of mortgages will be re-negotiated, which is what project hope was supposed to do, but the problem is that it was a voluntary program, and may banks have chosen not to participate.
haha no
No. It will probably just mean more taxes.
No, it means life living in a cardboard box.
That’s a nice thought. Then I would expect my ex to pay me all of the alimony he owes me. You just never know.
No, the bailout means that the government will buy loan companies and banks that are going into bankruptcy. It is believed that this will prevent the economy from crashing. The plan here is to sell these loan in a future date for a profit…maybe.
How the f*&% would be paying off all the loans be “awesome”?
Who the hell do you think is paying for this bail out? WE are! Hello! Anybody home?! Taxes pay for the bail out. Taxes are paid by you and me.
If you want to live in government owned property move your a$$ to China.
that is exactly what that means Einstein
No you will still owe the money and pay taxes on top of it.
No. What will most likely happen, is that a portion from the profits of the bailout will be used to pay the gov’t back.
Second, I have a feeling that tons of mortgages will be re-negotiated, which is what project hope was supposed to do, but the problem is that it was a voluntary program, and may banks have chosen not to participate.