Current+Ivanna

http://www.nytimes.com/2008/09/24/business/24leonhardt.html?hp Bailout problem
 * What is the bailout?
 * What is happening with the Wall street crisis?
 * So if the Congress aren't experts at mortgage finance, then why do they have to decide?
 * What is the 700 billion plan?
 * They are trying to solve the two main issues of finance right now which is:
 * how can the taxes be lowered and how can this crisis of Wall Street be solved?
 * I agree with that too. The congress has spend a lot of time thinking about politics and the campaign, and now they have to make an important decision for our society.
 * So what the article is trying to say is that the $700 billion is not really a big amount that's necessary?
 * I also agree with David Colander, what's important is that we make a good deal with these assets. It's no use for having such a big conflict if it won't work finally.
 * Now that's a difficult issue. Only 25 % of the price is what the assets will value. The economy is not in a good state for that, so what will the government do?
 * Oh, so the bailout is meant for firms to lend money to businesses and companies.
 * The solution that this person is giving will according to him or her, solve all of the financial issues. Is that true?
 * Oh so this person's point is to save some of the money for other needs such as health care and etc.
 * I don't really know whether to say that I agree or not, because I don't quite understand what's going on.

http://www.nytimes.com/2008/09/23/business/23retirees.html?em What retirees think about the economy crisis
 * I agree that retirees are the ones who are suffering from this financial crisis.
 * The retirees have less money in their savings and are expected to live a long life.
 * Many of the retirees are worried that they would be left without any money;they don't know what to do so they won't lose their money.
 * I kind of disagree, but I do agree with the fact that those retirees that receive aid from Social Security will suffer from higher food prices and gas prices.
 * Wow! Things are actually getting serious because those that are about to retire are using that money to live.
 * Retirees are being affected especially those that own houses and still owe mortgage debts.
 * People aren't really getting paid much at work, and they are expected to still pay huge mortgage loans and a lot of taxes as well.

http://www.nytimes.com/2008/09/24/business/24inquiry.html?ref=business Economic Turmoil-companies
 * Wow! That's amazing how the F.B.I is looking into this case where the companies are stealing.. I think?
 * Who are these companies: Fannie Mae, Freddie Mac,Lehman Brothers and the American International Group?
 * What does that mean, there have been 26 investigations for these four companies?
 * What did they actually do?
 * Did these companies supposedly took money and never paid it back?
 * Oh, mortgage fraud!
 * What is Bear Stearns?
 * Oh, they want to make justice because if not basically, the taxpayers are the ones paying for the companies loans. That seems unfair!

Ivanna I bow in the presence of greatness! Intersting questions, nice stream of insights. You clearly thought about this stuff. Your work will anchor the class project. Please forwad a copy of this note to your family and let them know how lucky I feel to have the chance to teach youl. Mr. A A+ = 103%