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Old 09-10-2008, 09:59 PM   #10 (permalink)
thewisecrab
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Join Date: Oct 2006
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Default Re: Bailout already a failure! They already want more!

All the experts said that this bailout is hardly enough to help the US economy even think of recovery.
AIG had assets worth trillions and trillions of dollars, the Federal Bank could only spare about a billion to save it. Ofcourse they need more; but this is the US citizen's taxpayers money used for the bailout. Anymore more from them would result into immediate outrage.
This is a huge liquidity crisis in US which as iinfi said would take months or even years to recover from.
Hope it has marginalised effects in India
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