Moo said
750,000,000,000 divided by 301,139,947 = $2,490.53
The formula is really 750,000,000,000,000 divided by 301,139,947= 2.49 million
750 billion bailout plan
by loosie 24 Replies latest social current
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loosie
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treadnh2o
This has gotten funny
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loosie
I guess I missed the joke.
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treadnh2o
http://en.wikipedia.org/wiki/1,000,000,000_(number)
Here is a hint -
What-A-Coincidence
http://www.amazon.com/CREATURE-JEKYLL-ISLAND-Federal-Reserve/dp/B00181HBR0/ref=sr_1_2?ie=UTF8&s=books&qid=1228528397&sr=8-2 Chapter 2: The Name of the Game is BAILOUT Fed Reserve=Banking Cartel
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loosie
Well it looks like the 1st website I went too is wrong. trillion has 12 zero's... billion only has 9 zero's. I stand corrected.
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SacrificialLoon
British billion is 10^12th or a 1 with 12 zeros.
American billion is 10^9th.
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beksbks
The auto industry is asking for a loan. 34b out of the aforementioned 700 b. Why is that a problem? Considering Paulsen has already spent 350b of it on........................??? The auto industry is one of the few major manufacturing industries we still have, never mind all the industry that is connected to it. If they fail, it will be catastrophic. Not to imply that this 34b is the end of the issue.
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FlyingHighNow
Who is with me?
Loosie
I am.
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kurtbethel
I hope no Brits are looking at how some of these zeroes are getting misplaced.
First off, it was not a bailout. Americans are getting taxed and the money is being given to banks to loan back to them. Then they will pay interest for the privilege of borrowing their own money back! Call it what it is, extortion.
Second thing, the auto companies are not structurally ready for an infusion of funds. Going to collect a handout in a private jet is bad form, and it also shows a failure to change the way they were doing business that let to the failure in the first place. Giving them money will just allow the failed business model to go on a little longer and dig a deeper hole. They need to have fundamental change. They could start by cutting expenses. Management is top heavy, so flatten it. Make the top pay for executives be a certain ratio of the bottom pay grade, like 4:1 or maybe a generous 10:1 and scale all compensation accordingly for management. This should include the value of perks. Then they could start building those models of cars that they developed and shelved that people actually want but were killed because of wrongheaded management. The EV1 electric car comes to mind. There are others. This leads to one more thing. If an assembly worker had screwed up as badly as management had, unions notwithstanding, they would have been fired. Time to clean house of those men who screwed this one up and bring in some fresh talent. Instead of ticks bleeding cash out of giant corporations, have the companies run by people who want to make autos that people want to buy and can afford. Then we can have a meeting in Washington about what to do next. For now, they are just not ready yet to even be worthy to talk to us.