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Question by god007md: What happens to the billions in bailout funds given to Chrysler now that they have to declare bankruptcy? Since Obama was “saving” the American auto industry and giving them millions to “stay afloat” what happens now to all that money when they are forced into bankruptcy? Why the wasted money just to [...]
Question by mouthbreather77: Should the government bailout borrowers in danger of foreclosure? What about the people already foreclosed? http://biz.yahoo.com/nytimes/080223/1194749714355.html?.v=14 What are the risks to the U.S. economy if the government does pass $ 739 billion onto taxpayers in order to rescue the banks and the borrowers who have been burned on interest rate speculation? If [...]
Question by Papa Chester: Why aren’t jumbo loans included in the foreclosure prevention bailout package? Seems to me those people need a place to live too. Jehen—-Those people can lose their jobs too Those homes lose more value than others in times like this and the jumbo refi rates are much higher than conventional rates [...]
Question by ♪: Did you know that they’re considering giving 10% of the bailout to Wall Street Staff? http://www.guardian.co.uk/business/2008/oct/17/executivesalaries-banking Do you think it is time to protest? Financial workers at Wall Street’s top banks are to receive pay deals worth more than $ 70bn (£40bn), a substantial proportion of which is expected to be paid [...]
Question by I hate onions: Where did the billion go to bailout Chrysler since they now declared bankruptcy? Thanks to the government’s philosophy of too big to fail, we bailed out Chrysler earlier this year with $ 4 billion and they now declared bankruptcy. So, where is the bailout money going? Why are we bailing [...]
Question by The Oft-Suspended RP McMurphy: Why do people facing foreclosure want a bailout for their irresponsible behavior? Folks, let me set you straight. There is no right to own a house. When you have lousy credit, and ride a Fed-fueled bubble to get into a house and buy new cars and take fancy vacations [...]
Question by Country: Why don’t Americans get to avoid foreclosure as part of the Bailout plan? I know i am naive and not a financial whiz, but if we are going to be buying subprime mortgages at lets say 50 cents on the dollar, couldnt we refinance peoples houses at lets say 60 cents on [...]
Question by chameleon bark: After bankruptcy filing, is Government Motors legally bound to pay the billions of bailout from taxpayers? What will happen to the taxpayers money since GM filed for bankruptcy? What is really striking is the bailout never resulted to additional jobs but the opposite as many branches were closed, production of cars [...]
Question by avgjoe: If AIG were not helped by the bailout and filed bankruptcy would these bonuses still need to be paid? Contractually paid. They are using this as their argument that they have to be paid. Just wondering if they were to be in bankruptcy protection would they still need to be paid. In [...]
Question by I Believe Everything I am Told: How come McDonalds has not filed for bankruptcy protection and asked for billions of dollars in bailout funds? Lee – are you the beluga whale in the cubicle next to me? Best answer: Answer by Poelstra13Because look at America’s size….then you will have a answer young one. [...]