Here is a video produced by an educator who
offers knowledge to the world about math for free by
posting educational videos on U Tube. It's called
Khan academy. He has 10 videos
explaining the bailout.
After viewing these, I think I finally understand
and I'm not scared to support a NO on the Paulson
type plans.
The videos are called
Bailout 1
Bailout 2
Bailout 3
through
Bailout 10
You can search them on UTube and start at the
beginning if you need to understand the basics
Here you will find an explanation of
The Mark to Market idea in the news today
What is a reverse auction
What is Paulson talking about
Why the credit is locked up
How the bailout effects stock values
Who benefits from the bailout
What are some alternatives
What are the moral hazards
I would recommend watching all the videos
Here is a link to Bailout 10 which gets to
the heart of the matter and some conclusions.
It seems to me that this bailout plan was made
with our Treasury Secretary's friends in mind.
There are other ways to support the economy without
rewarding those who have abused it.
For example - if the goal is to provide credit for
farms and businesses - why not just let the goverment
provide loans to farms and businesses. The markets
and banks can sort themselves out. The irresponsible will
fall and what's left standing will be the stongest.
And of course - we need to get some regulations.
Bailout 10