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Can the bailout work?
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Bailout 13, also known as the 13th bailout package, has been the subject of much debate and controversy in recent weeks. The package, which aims to provide financial assistance to struggling industries and businesses, has raised questions about its effectiveness and whether it has a chance of working.
In the midst of the ongoing economic challenges brought on by the COVID-19 pandemic, many industries and businesses have been hit hard. With a significant decrease in consumer spending and disruptions in supply chains, several sectors, including travel, hospitality, and retail, have faced financial turmoil. In response, governments around the world have introduced bailout packages to provide financial relief and prevent further economic downturn.
The effectiveness of these bailout packages has been a topic of discussion, with critics pointing to the potential for misuse and the lack of accountability in how the funds are allocated. In the case of Bailout 13, there are concerns about whether the package will actually make a difference in stabilizing the economy and helping struggling businesses.
Proponents of the bailout argue that without financial assistance, many businesses and industries could face the risk of collapse, resulting in widespread job losses and further economic instability. They believe that the bailout will provide a much-needed lifeline for these sectors, allowing them to weather the storm and eventually recover.
However, the success of the bailout ultimately depends on how the funds are utilized and whether they effectively address the root causes of the economic challenges. The implementation of strict guidelines and oversight is essential to ensure that the funds are not misused or funneled into the hands of a select few, but rather benefit the broader economy and workforce.
Furthermore, the effectiveness of the bailout will also be influenced by external factors, such as the duration and severity of the pandemic, as well as global economic trends. While the bailout may provide temporary relief, it may not necessarily address the long-term structural issues that have been exacerbated by the pandemic.
Ultimately, the success of Bailout 13 will depend on how it is implemented and whether it can effectively support struggling businesses and industries. With careful oversight and strategic allocation of funds, there is a chance that the bailout could make a meaningful impact in stabilizing the economy. However, it will require collaboration and accountability from all stakeholders involved to ensure its success.
"The stinkiest of them all".
Ahah such colourful language !
Love it, greetings from France.
I love this lmaooo
In the end, what did they do?
thanks you so much for this Sal, 12 years later people like me are still learning from you and will continue to learn for years to come.
Love the rant!!
Ahahahah Sal! A lot of stinky assets here!
"If you have a dead skunk in your house, you won't notice that the milk is going bad" LOL
What is not said is that the Banks knowingly made questionable loans then bundled them to hide their questionable value. Bankers are supposed to be the pillars of fiscal responsibility. If so, why would they suddenly make "stinky" loans? I believe that it was driven by 1) the need for new home buyers to fuel an economy (home buying is a great driver of the economy) that is flagging. See the National Homeownership Strategy 2) Top cover provided by govt. They knew they wouldn't be prosecuted.
Tom – Yes, I did happen to watch it sometime back. I think I understand this whole affair much better now, and the simplicity of it , in terms of the general principles at work, still amazes me…
Sal, its been 4 years and I am still watching your videos and learning. Just remembered I had had a brief contact with you here here a long time ago. Thanks and respect!
I like to look back to see where we were!:-) Lot's of temporary panic!!!! 😀
Great video though!!!
Sal…great work. Here we are now, nearly 4 years down the road. The melt down seems like a distant memory. The stock market is acting like everything is good, reaching toward the highs. Mortgage rates are at all time lows. Life is good, right? But something just doesn't feel right about all this. I keep thinking if the Fed wasn't out there doing its QE thing, life wouldn''t appear so rosey. Am I wrong? Can they successfully 'paper' over the underlying problem. What happens when QE stops?
As a result of all the profit/bonus takers, inconsidreate "banksters", etc..
I have made the decision to avoid all (most) counter-party risk (anything paper) and go with Land, Silver, and Gold. Having real, physical assets (silver, gold, income property) helps me sleep better at night.
There are WAY too many crooks out there today…
Great video's Sal ! You continue to help sooo many people everyday !!!!!
I see a video posted here, and then another posted on yahoo's finance site, and really have to wonder if it's more than just blame Bush for all of our problems… I think Bush is gone now, so how long can we keep blaming him for the things our current government is doing that you clearly show is not going to work? To see what I mean, search for: Obama’s Refi Plan Is Another Bank Bailout, Stockman Says: “The Worst Kind of Crony Socialism”
Please tell me if there is an updated version of this, I'd like to know about the present President and the congress that is providing bailouts to the banks these days, let's say in the past few years since this has been posted. I am not sure, but it seems to me that the President is not the only one to blame, whether it is Bush or Obama, don't they both basically have a lot of people (Senators and Representatives) who enable these types of tax 'crimes" (bailouts) to continue?
@PRINCECOUNTYBEATS "The Troubled Asset Relief Program (TARP) is a program of the United States government to purchase assets and equity from financial institutions to strengthen its financial sector that was signed into law by U.S. President George W. Bush on October 3, 2008." Not that it matters but I hate partisanship.
Yup, the bailout was a bad idea. Now, after years of sitting around we finally are protesting the bailout.
George Bush and his boys? its obama who got the bailout thru, THANKS DEMS!
''…if you have a dead skunk in your house, you won't notice that the milk is going bad…'' genius 😀
I really like your videos, but the tone of this one was a little off.
Whos going to bail you out when u go to jail for touching my daughter?
@nikanj Lol lets just hope it all goes away soon, and we get some people in charge who know what they are doing 🙂
@nikanj Lol, if by worked you mean 'loads of the publics money disappeared into the ether and we are still in an economic swamp' then hell yes it worked.
@causeimthesquid Is now premature?
Sal, you totally rocked in this presentation.!! Great work.
@cds162
Greece
@kotpet jobs, employment, confidence in the economy, political trust and stability? so many things could go wrong.