The auto is it a bail out or bridge loan? Do you think it should be passed? What do we do about the banks?
killinine asked:
Is the bail out a hand out or a loan?
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Is the bail out a hand out or a loan?
It is my understanding that bridge loans are short term loans and are to be paid back. They aren’t uncommon in business and since the banks aren’t loaning with the bailout money they have been given shouldn’t we help out. Still uncertain though, but what do you think?:
Also, should we take back the money we gave the banks since their just holding on to it?
February 20th, 2009 at 10:19 am
The suto industry have no good ideas on how to turn business around and the UAW keeps taking more. 14 billion is putting a band aid on a gun shot wound.
February 22nd, 2009 at 2:54 pm
It’s a bridge loan. The term bailout is something that the media has been abusing because it’s easier to understand for common folk.
“They aren’t uncommon in business and since the banks aren’t loaning with the bailout money they have been given shouldn’t we help out.”
The banks aren’t lending because the Big 3 can’t prove that they can pay it back. That’s the problem. If it were certain that they could generate profits sometime within the next year, banks would certainly lend them money.
The banks have mostly been using the money to clean up their balance sheets, similarly to how most Americans paid off debt or bills when they got there stimulus checks. Would you feel OK if the government reclaimed your stimulus check because you didn’t run out to the mall and buy something?
February 25th, 2009 at 6:22 am
Pass it again.