Bailout Plan details thread?

[VolsNSkinsFan]

congressional staffs are working like madmen getting this thing done as we speak.

We might not get done this week, but I don't think it's from a lack of work.

Oh great... 22 year olds making 25k a year and getting 25k a year from daddy are the ones our nation is banking on... Awesome

 

[BigPapaVol]

Oh great... 22 year olds making 25k a year and getting 25k a year from daddy are the ones our nation is banking on... Awesome

Chiefs of staff aren't 22 year olds.

 

[rwemyss]

The markets going down, will garner more public support for the bill, making it easier to pass.

In the long term, though wont this continue the slide of the dollar? The only thing preventing the dollar in freefall is oil being traded in dollars. Thats the only reason other countries use dollars now, to buy oil. For currency to invest, they buy Euro's.

I think you're missing the worldwide issues happening here. The dollar made the largest gain in 15 years due to instability in the other markets around the world as well.

I'm obviously missing something here as well... there is something about real value vs. perceived value that I just am not understanding.

 

[BigPapaVol]

I think you're missing the worldwide issues happening here. The dollar made the largest gain in 15 years due to instability in the other markets around the world as well.

I'm obviously missing something here as well... there is something about real value vs. perceived value that I just am not understanding.

that's the proverbial flight to quality. Demand for dollars and dollar denominated stuff gets pretty high when the world thinks a meltdown is pending.