Bailout | Bibliolimpo

The Great Bailout Fraud – Where Has All the Money Gone?

March 20, 2020

| general, government, law, Legal, politic

What precipitated the financial crisis still engulfing the world was a severe shortage of cash by leading banks. This article will try to shed a little light on what has actually happened, as opposed to what we are told by the media.

The lending frenzy of the last few years culminated in the lending of large sums of money by banks and mortgage institutions to down-and-outers and no-hopers with no chance of ever repaying the money. Part of the reason they did this may be put down to political pressure from politicians who saw this as a chance to increase their own popularity with down-and-out voters.

Another reason may be that the original lenders made some initial profit from each deal and then sold the toxic debts as part of a "package" of debts that included some that were not so toxic. They sold them to all kinds of financial … Read More

Small Business Loan Update – Stimulus Bill Helps Bailout Businesses If They Cannot Pay Loans

March 20, 2020

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| general, government, law, Legal, politic

As we continue to sift dutifully through the over 1,000 pages of the stimulus bill (American Recovery and Reinvestment Act of 2009), there is one provision that is not getting much attention, but could be very helpful to small businesses. If you are a small business and have received an SBA loan from your local banker, but are having trouble making payments, you can get a "stabilization loan". That's right; Finally some bailout money goes into the hands of the small business owner, instead of going down the proverbial deep hole of the stock market or large banks. But don't get too excited. It is limited to very specific instances and is not available for vast majority of business owners.

There are some news articles that boldly claim the SBA will now provide relief if you have an existing business loan and are having trouble making the payments. This is … Read More

Piagi Comments of the Irish Central Banks Bailout

March 20, 2020

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| general, government, law, Legal, politic

Recent news saw Ireland’s central Bank lower its forecast for economic growth this year. Whilst making an announcement for the government to make greater cuts than had previously been planned in an effort to reduce its record budget deficit.

The Irish economy, as measured by GDP (gross domestic product), will only expand 0.2 percent this year instead of 0.8 percent which had been forecast in back July. The Dublin-based central bank announced today, It lowered its growth forecast for next year to 2.4 percent from 2.8 percent.

last week the government unveiled measures to inject Further cash 3 Billion Euros into Anglo Irish Bank Corp, bringing the banking bailout to as much as 50 billion Euros ($68 billion) and pushing the budget deficit to 32 percent of GDP this year. This brings growing concern that Ireland won’t be able to deal with the mounting fiscal burden without external aid & … Read More

Current Economic Crisis (Bailout Or Buyout)

March 20, 2020

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| general, government, law, Legal, politic

Lately, it seems as if we are living through history every day. Not since the Great Depression has the United States seen such turmoil in the financial markets. What started in the subprime mortgage industry has now bled over into Wall Street.

When investment houses that have been around since the Civil War close their doors, it's a sure sign that something's gone terribly wrong. First Bear Stearns, then Lehman Brothers and then Merrill Lynch and Washington Mutual.

We all can't help but be a little rattled by what's going on. But while I and others have been pointing out that the markets are only going through a "correction", you may be asking, "Denise, how much of a correction do we need to make?"

Obviously, a big one. Too much money lent to too many people who couldn't afford to pay it back is a surefire recipe for disaster. Now … Read More

A Bailout to Eliminate Credit Card Debt

March 20, 2020

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| general, government, law, Legal, politic

It seems like everyday now that we learn about a government sponsored bailout of another major corporation. Many smaller businesses, as well as individual people, are left asking where is their bailout from the unscrupulous lending practices of the banks and credit card companies.

In recent years, consumers have been encouraged to use their credit cards for everyday purchases, including groceries, fast food meals, and even the morning cup of coffee on the way to work. All of these purchases, plus the interest and fees added on, have only built up a vast pile of debt for the average cardholder.

This is not much different than the debt built up by corporations, who now have their hand out, asking for help. And the government seems very willing to provide that help, at the long-term expense of the American taxpayer.

There is however, a bailout of sorts for personal credit card … Read More

Government Debt Elimination – Advantages and Disadvantages of Government Bailout Programs

March 20, 2020

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| general, government, law, Legal, politic

Government debt elimination seems the most suitable option for people who are tired of pending bills. However, do you know that you should measure the advantages as well as disadvantages of this option? You are making a mistake if you are only looking at the brighter side. Have a glance at the negative factors as well. At the moment, you cannot pay your actual bills because of financial complications. You have to pay according to your financial scalability. What are the pros and cons of government debt elimination? Let’s look at the details explained in the following points.

Advantages of government debt bailout programs

The following can be termed as the pros of government debt elimination

1. This method not only reduces your credit card bills but reduces them legitimately. There are no illegitimate factors attached with the debt settlement procedure.

2. You can forget about the sum that has … Read More

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