Comments on: U.S. Economy in Crisis Explained Part 1 of 3: How it Began http://www.babeled.com/2008/09/27/us-economy-in-crisis-explained-part-1-of-3-how-it-began/ Six guys who have never been in your kitchen. Wed, 17 Mar 2010 17:06:11 -0700 hourly 1 By: Regulation Philosophies Differ For Banking & Financial Markets | Babeled http://www.babeled.com/2008/09/27/us-economy-in-crisis-explained-part-1-of-3-how-it-began/#comment-73011 Regulation Philosophies Differ For Banking & Financial Markets | Babeled Tue, 16 Jun 2009 13:27:27 +0000 http://www.babeled.com/?p=1151#comment-73011 [...] the end, the banking industry’s lobbyists won the deregulation battle, and in 1999, the Gramm-Leach-Bliley Act was signed into law by President Clinton.  This Act effectively reversed the portion of the Banking [...] [...] the end, the banking industry’s lobbyists won the deregulation battle, and in 1999, the Gramm-Leach-Bliley Act was signed into law by President Clinton.  This Act effectively reversed the portion of the Banking [...]

]]> By: Top Five Quotes Every Wall Street Executive Should Read | Babeled http://www.babeled.com/2008/09/27/us-economy-in-crisis-explained-part-1-of-3-how-it-began/#comment-14155 Top Five Quotes Every Wall Street Executive Should Read | Babeled Tue, 14 Oct 2008 21:54:37 +0000 http://www.babeled.com/?p=1151#comment-14155 [...] handed to them for a job poorly done.  In the midst of a crashing market, we have seen multiple bailouts given to companies that were on the verge of going belly up due to their excessive greed.  So for my amusement and I [...] [...] handed to them for a job poorly done.  In the midst of a crashing market, we have seen multiple bailouts given to companies that were on the verge of going belly up due to their excessive greed.  So for my amusement and I [...]

]]> By: Jason Morgan http://www.babeled.com/2008/09/27/us-economy-in-crisis-explained-part-1-of-3-how-it-began/#comment-12739 Jason Morgan Wed, 01 Oct 2008 01:00:54 +0000 http://www.babeled.com/?p=1151#comment-12739 Thanks, Jack. I had been looking for this intermittently all day. Thanks, Jack. I had been looking for this intermittently all day.

]]> By: Jack Gamble - Man Overboard http://www.babeled.com/2008/09/27/us-economy-in-crisis-explained-part-1-of-3-how-it-began/#comment-12730 Jack Gamble - Man Overboard Tue, 30 Sep 2008 22:17:39 +0000 http://www.babeled.com/?p=1151#comment-12730 Timmy, Here is a <a href="http://latimesblogs.latimes.com/laland/2008/09/how-they-voted.html" rel="nofollow">post from the Los Angeles Times</a> about who voted what on Roll Call 674 AKA the Emergency Economic Stabilization Act Timmy,

Here is a post from the Los Angeles Times about who voted what on Roll Call 674 AKA the Emergency Economic Stabilization Act

]]> By: Timmy B http://www.babeled.com/2008/09/27/us-economy-in-crisis-explained-part-1-of-3-how-it-began/#comment-12631 Timmy B Tue, 30 Sep 2008 02:36:54 +0000 http://www.babeled.com/?p=1151#comment-12631 How can I find out how my Representitive voted on this? Any websites that publist this? Thanks! How can I find out how my Representitive voted on this? Any websites that publist this? Thanks!

]]> By: Jason Morgan http://www.babeled.com/2008/09/27/us-economy-in-crisis-explained-part-1-of-3-how-it-began/#comment-12576 Jason Morgan Mon, 29 Sep 2008 20:51:05 +0000 http://www.babeled.com/?p=1151#comment-12576 Barely, and it will be back - modified, but back. Barely, and it will be back – modified, but back.

]]> By: Greg Molyneux http://www.babeled.com/2008/09/27/us-economy-in-crisis-explained-part-1-of-3-how-it-began/#comment-12570 Greg Molyneux Mon, 29 Sep 2008 19:47:47 +0000 http://www.babeled.com/?p=1151#comment-12570 The House of Representatives has shot down the Bail-Out. The House of Representatives has shot down the Bail-Out.

]]> By: Gregory Rineberg http://www.babeled.com/2008/09/27/us-economy-in-crisis-explained-part-1-of-3-how-it-began/#comment-12569 Gregory Rineberg Mon, 29 Sep 2008 19:44:12 +0000 http://www.babeled.com/?p=1151#comment-12569 I guess I am coming off poorly in my previous statements. Allow me to restate, while I understand why the government is bailing out failing banks, I do think that the fact that they are getting bailed out is truly absurd. They took a gamble and lost, and now the government, no I mean the citizens have to bail them out? We didn't take the risk, they did! On another note, I am extremely pissed off that our economy has come to this point. Thanks to the info you provided in your blog about the Gramm-Leach-Bliley act, it seems that this problem is nowhere near fixing. And that's is why I don't really understand how throwing money at the problem will make it go away. If the gov't can fix everything with $250 billion that would be great and I truly mean that. I don't want to pay more than I have to. I just want to see the problem resolved. I guess I am coming off poorly in my previous statements. Allow me to restate, while I understand why the government is bailing out failing banks, I do think that the fact that they are getting bailed out is truly absurd. They took a gamble and lost, and now the government, no I mean the citizens have to bail them out? We didn’t take the risk, they did!

On another note, I am extremely pissed off that our economy has come to this point. Thanks to the info you provided in your blog about the Gramm-Leach-Bliley act, it seems that this problem is nowhere near fixing. And that’s is why I don’t really understand how throwing money at the problem will make it go away. If the gov’t can fix everything with $250 billion that would be great and I truly mean that. I don’t want to pay more than I have to. I just want to see the problem resolved.

]]> By: Andrew Blanco http://www.babeled.com/2008/09/27/us-economy-in-crisis-explained-part-1-of-3-how-it-began/#comment-12566 Andrew Blanco Mon, 29 Sep 2008 19:19:46 +0000 http://www.babeled.com/?p=1151#comment-12566 Hahaha....that's a horrible amount of money. Does the World Bank set interest rates for lending between nations? Hahaha….that’s a horrible amount of money.

Does the World Bank set interest rates for lending between nations?

]]> By: Jason Morgan http://www.babeled.com/2008/09/27/us-economy-in-crisis-explained-part-1-of-3-how-it-began/#comment-12553 Jason Morgan Mon, 29 Sep 2008 16:40:09 +0000 http://www.babeled.com/?p=1151#comment-12553 Oh, and about the foreign debt thing - the U.S. budget appropriates around $250 billion per year for interest expense. Interest expense is equal to the interest on our government's debt, same as the interest you pay on your car loan or mortgage. So, chew on that for awhile - we pay $250 billion per year in interest on our global debt. How awesome. Oh, and about the foreign debt thing – the U.S. budget appropriates around $250 billion per year for interest expense. Interest expense is equal to the interest on our government’s debt, same as the interest you pay on your car loan or mortgage. So, chew on that for awhile – we pay $250 billion per year in interest on our global debt. How awesome.

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