Omega Owners Forum

Please login or register.

Login with username, password and session length
Advanced search  

News:

Welcome to OOF

Pages: [1] 2 3 4  All   Go Down

Author Topic: 700 Billion dollars.  (Read 3527 times)

0 Members and 1 Guest are viewing this topic.

Field Marshal Dr. Opti

  • Get A Life!!
  • *****
  • Offline Offline
  • Gender: Male
  • Utopia
  • Posts: 32567
  • Speaking sense, not Woke PC crap
    • View Profile
700 Billion dollars.
« on: 24 September 2008, 22:18:10 »
Just on the news.
Should the american taxpayer pay 700 billion dollars to bail out the banks.
That is seven hundred thousand million dollars.....big bucks.  :-/
Logged

chunk

  • Junior Member
  • **
  • Offline Offline
  • Gender: Male
  • portsmouth
  • Posts: 187
    • View Profile
Re: 700 Billion dollars.
« Reply #1 on: 24 September 2008, 22:22:31 »
Hi I work for an Italian organizasion owned by Goldman Sachs so if the American Taxpayer bails them out Whoopee. Especially if the Taxpayer is Bill Gates  ;D ;D
« Last Edit: 24 September 2008, 22:22:52 by chunk »
Logged

Vamps

  • Offline Offline
  • Gender: Male
  • Bishop Middleham, Co Durham.
  • Posts: 24708
  • Flying Tonight, so Be Prepared.
    • Mig 2.6CDX and 2.2 Honda
    • View Profile
Re: 700 Billion dollars.
« Reply #2 on: 24 September 2008, 22:22:46 »
And I think they said that was two thousand three hundred dollars per person. :-/
Logged

Lizzie_Zoom

  • Guest
Re: 700 Billion dollars.
« Reply #3 on: 24 September 2008, 22:29:34 »
But it seems from the reports that if congress do not approve this bail out very quickly, a financial  quote "Pearl Harbour" will be the result with basically a complete meltdown for financial institutions / countries. :'( :'( :'(

Very troubling! :o :o :o :o

This situation is developing for the worse "by the hour" apparently.
« Last Edit: 24 September 2008, 22:32:40 by Lizzie_Zoom »
Logged

Field Marshal Dr. Opti

  • Get A Life!!
  • *****
  • Offline Offline
  • Gender: Male
  • Utopia
  • Posts: 32567
  • Speaking sense, not Woke PC crap
    • View Profile
Re: 700 Billion dollars.
« Reply #4 on: 24 September 2008, 22:35:27 »
Quote
But it seems from the reports that if congress do not approve this bail out very quickly, a financial  quote "Pearl Harbour" will be the result with basically a complete meltdown for financial institutions / countries. :'( :'( :'(

Very troubling! :o :o :o :o

This situation is developing for the worse "by the hour" apparently.
Perhaps a new order could emerge Lizzie....who knows?
Logged

Lizzie_Zoom

  • Guest
Re: 700 Billion dollars.
« Reply #5 on: 24 September 2008, 22:39:15 »
Quote
Quote
But it seems from the reports that if congress do not approve this bail out very quickly, a financial  quote "Pearl Harbour" will be the result with basically a complete meltdown for financial institutions / countries. :'( :'( :'(

Very troubling! :o :o :o :o

This situation is developing for the worse "by the hour" apparently.
Perhaps a new order could emerge Lizzie....who knows?

Indeed Optimist, perhaps this could be an opportunity looking at this from a, excuse the pune, optimistic point of view! ;D ;)

Logged

Dusty

  • Omega Knight
  • *****
  • Offline Offline
  • Gender: Female
  • Shropshire
  • Posts: 1302
  • Erotic Romance Author
    • View Profile
Re: 700 Billion dollars.
« Reply #6 on: 24 September 2008, 23:05:13 »
It's a very worrying time for all, especially the taxpayer who has to foot the bill. :-?

Unfortunately, if a bailout for the US banks does not happen soon, I feel it could have disasterous consquences for our British Banks. ::)

I hope I'm wrong, but I don't think we have seen the last run on a Bank!!! :o :o :o

 :-* :-*
Logged

albitz

  • Guest
Re: 700 Billion dollars.
« Reply #7 on: 24 September 2008, 23:07:36 »
Quote
Quote
But it seems from the reports that if congress do not approve this bail out very quickly, a financial  quote "Pearl Harbour" will be the result with basically a complete meltdown for financial institutions / countries. :'( :'( :'(

Very troubling! :o :o :o :o

This situation is developing for the worse "by the hour" apparently.
Perhaps a new order could emerge Lizzie....who knows?
From China. :(
Logged

Lizzie_Zoom

  • Guest
Re: 700 Billion dollars.
« Reply #8 on: 24 September 2008, 23:10:31 »
Quote
It's a very worrying time for all, especially the taxpayer who has to foot the bill. :-?

Unfortunately, if a bailout for the US banks does not happen soon, I feel it could have disasterous consquences for our British Banks. ::)

I hope I'm wrong, but I don't think we have seen the last run on a Bank!!! :o :o :o

 :-* :-*

I think that is right Dusty! :y :y  The President, and other American bankers, are warning of a "calamity" if the plan is not approved. :'( :'(
This may be "just politics" on the part of Bush, but bankers are stating the same.

A Hong Kong bank has also been reported as having "a run" on them due to fears it does not have enough money to honour its commitments. :o :o

The world's banks are now on a knife edge, and so are all of us!! :( :(

Money under the mattress time? ;) ;)
« Last Edit: 24 September 2008, 23:11:25 by Lizzie_Zoom »
Logged

Vamps

  • Offline Offline
  • Gender: Male
  • Bishop Middleham, Co Durham.
  • Posts: 24708
  • Flying Tonight, so Be Prepared.
    • Mig 2.6CDX and 2.2 Honda
    • View Profile
Re: 700 Billion dollars.
« Reply #9 on: 24 September 2008, 23:11:53 »
It's nearly pay day :D should I ask for cash!!!!!!
Logged

Lizzie_Zoom

  • Guest
Re: 700 Billion dollars.
« Reply #10 on: 24 September 2008, 23:15:24 »
Quote
Quote
Quote
But it seems from the reports that if congress do not approve this bail out very quickly, a financial  quote "Pearl Harbour" will be the result with basically a complete meltdown for financial institutions / countries. :'( :'( :'(

Very troubling! :o :o :o :o

This situation is developing for the worse "by the hour" apparently.
Perhaps a new order could emerge Lizzie....who knows?
From China. :(

That could well be right but although I am no financial expert, we are in a global economy and 'western' money is invested in China as much as Chinese money in the West.  So if one line of dominos goes down, the rest will surely follow. :( :(

The one hope is that the Chinese use their gold reserves to back up the world economy as they now have the largest reserves on the planet! ;)
Logged

Lizzie_Zoom

  • Guest
Re: 700 Billion dollars.
« Reply #11 on: 24 September 2008, 23:16:23 »
Quote
It's nearly pay day :D should I ask for cash!!!!!!


It is fast getting to that stage Mike I think! ;D ;D ;D :'( :'( :'( :'(
Logged

Lizzie_Zoom

  • Guest
Re: 700 Billion dollars.
« Reply #12 on: 24 September 2008, 23:37:35 »
Latest!!!

Norman Lamont, ex-UK Chancellor, plus others on BBC News 24 now talking in terms of the financial crises facing us all as being "potentially the worst since 1929"!! :o :o :o

USA "bubble" about to burst and will take us all down!! :'( :'(

God help us all! ::) ::) ::) ::) ::)
« Last Edit: 24 September 2008, 23:38:55 by Lizzie_Zoom »
Logged

Bandit127

  • Guest
Re: 700 Billion dollars.
« Reply #13 on: 24 September 2008, 23:40:48 »
Quote
The one hope is that the Chinese use their gold reserves to back up the world economy as they now have the largest reserves on the planet! ;)
Actually, the US gold reserve is still 13.5 times the value of the Chinese.

To put the original post in perspective, the US has 8,133.5 tonnes in gold reserve. That is  286,900,769 ounces. At $879.40 per ounce the US has  $252,300,536,358 worth of it. That's 250 TRILLION dollars.

$700 billion is small potatoes by comparison.

Clickies follow...
http://www.goldprice.org/gold-price.html
http://en.wikipedia.org/wiki/Official_gold_reserves

Logged

Dusty

  • Omega Knight
  • *****
  • Offline Offline
  • Gender: Female
  • Shropshire
  • Posts: 1302
  • Erotic Romance Author
    • View Profile
Re: 700 Billion dollars.
« Reply #14 on: 24 September 2008, 23:42:36 »
Quote
Latest!!!

Norman Lamont, ex-UK Chancellor, plus others on BBC News 24 now talking in terms of the financial crises facing us all as being "potentially the worst since 1929"!! :o :o :o

USA "bubble" about to burst and will take us all down!! :'( :'(

God help us all! ::) ::) ::) ::) ::)

Badger Lamont was in charge of the Exchequer when we had black Wednesday in 1992 I think. Interest rates went up 5% in one day, trying to keep the pound in the ERM mechanism.

Needless to say the Tory Government of the time pulled out of the ERM the very next day :o :o

Perhaps he has forgotten the 1992 fiasco :-* :-*


Logged
Pages: [1] 2 3 4  All   Go Up
« previous next »
 

Page created in 0.013 seconds with 17 queries.