Current+Rachel

For or Against Bailout? http://www.nytimes.com/2008/09/24/business/24leonhardt.html?_r=1&hp=&adxnnl=1&oref=slogin&adxnnlx=1222348721-HwbLMsuShrEZljQGrZY/oQ This article basically overviews the bailout and the pros and cons of it. It talks about how the congress has only a short amount of time to fix this problem, or improve upon the 700 billion plan that Henry Paulson came up with, however, only a few congress members have any expertise in this field.

Questions: What is this 700 billion dollar plan anyway? Could it be affective? Why should the congress be the ones to decide on a solution to this problem, especially when hardly any of them have expertise in this area? Shouldn't the experts be solving this crisis? It seems like the most important thing is solving this crisis now, so that it simmers down, but how can it affectively be solved so that the same thing won't happen 20 years from now? What about Paulson's plan is so vague? Isn't it always the details that end us up getting in trouble? Why is Paulson's paln so expensive? How can it be reduced? I do not understand the 25 cents of a dollar thing? What is it? Isn't the only thing that matters to us how much our taxes cost? Is there any way that the American Citizens can help in this situation? Or should we just leave it to the officials?

Lehman Brothers Crash: http://topics.nytimes.com/top/news/business/companies/lehman_brothers_holdings_inc/index.html?inline=nyt-org This article overviews the Lehman Brothers crash and why it happened. It says that Lehman Brothers has had a lot of hard times but always seemed to come out strongly.

Questions: Well, why didn't Lehman Brothers come out storngly this time? It says that this particular crisis started around 2007. Why is it that these stories only reach national news headlines when they have hit rock bottom? So what happened was that they were giving out more and more faulty mortage loans and in the end they had just given out too may and couldn't support themselves?

AIG Saved: http://www.nashuatelegraph.com/apps/pbcs.dll/article?AID=/20080920/NEWS02/309209951/0/NEWS01

Fannie Mae and Freddie Mac: http://www.thenewamerican.com/economy/sectors-mainmenu-46/349-government-bailout

Financial Crisis: [[http://en.wikipedia.org/wiki/Financial_crisis_of_2007-200810

 9 Best Questions on Wiki (Noah, Ivanna, and I) 1.  How did the financial crisis start, is this another great depression?  2. What steps are most likely to solve the immediate crisis?  3. How can the long term cost to taxpayers be minimized?  4. How can Congress judge what will happen when this is not their expertise?  5. What does this have to say about the value of the U.S. Dollar?  6. How can an investment in one singular company help the entire stock market?   7. What does this mean for other insurance companies who are on Wall Street?  8. <span style="FONT-SIZE: 12pt; FONT-FAMILY: 'Arial','sans-serif'">If people do not buy houses then how does that affect the economy? <span style="FONT-SIZE: 12pt; FONT-FAMILY: 'Arial','sans-serif'; mso-fareast-font-family: Arial"> 9. <span style="FONT-SIZE: 12pt; FONT-FAMILY: 'Arial','sans-serif'">Isn't that just transferring the problem from the companies to the government? <span style="FONT-SIZE: 12pt; FONT-FAMILY: 'Arial','sans-serif'">