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Talk:Emergency Economic Stabilization Act of 2008

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This is an old revision of this page, as edited by Oscardoggy (talk | contribs) at 19:58, 3 March 2020 (→$29 trillion estimate a cost?). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Tautological sentence

The second sentence on the introduction is tautological. "The bailed-out banks are mostly U.S. or foreign banks (...)" Author of the article, please correct.

What agency?

The open letter from economists include the mention of an agency: Neither the mission of the new agency nor its oversight are clear. Is this an agency which the Paulson plan proposes to establish? __meco (talk)

Tenses in descriptions

It seems like this article was written in Fall/Winter 2008/2009 and it is rife with statements such as "recently" and "A key part of the proposal is". Shouldn't that be "was"? Also "The maximum cost of a $700 billion bailout would be".... seems to imply that the bailout has yet to happen. Shouldn't that also be "was"? Anywhere I can look for tips on how to clean this mess up? audiodude (talk) 07:41, 26 May 2010 (UTC)[reply]

You can go to Help:Editing. BeenAroundAWhile (talk) 02:36, 9 September 2017 (UTC)[reply]

Deleted bad math

In the section "Interest on bank deposits held by the Federal Reserve," there's a sentence that says,

"The Congressional Budget Office estimated that payment of interest on reserve balances would cost the American taxpayers about one tenth of the present 0.25% interest rate on $800 billion in deposits."

This is followed by a table that shows estimated budgetary losses/expenditures. Then there's this, which I found problematic,

"0.25% simple interest on $800 billion is $2 billion, not $202 million as shown for 2009."

The previous sentence had said the CBO estimated that taxpayers would lose 10% of 0.25%, not the entire 0.25%. How is 0.25% of $800 billion relevant? 10% of 0.25% of %800 billion is in fact $202 million. I have deleted the sentence, "0.25% simple interest on $800 billion is $2 billion, not $202 million as shown for 2009."

Envelopment (talk) 15:10, 23 June 2013 (UTC)[reply]

Lihaas

[=http://www.bloomberg.com/news/2014-03-04/bernanke-says-u-s-economy-seeing-progress.html >>> Bernanke Harbors Regret on Main Street’s View of Bailout ](Lihaas (talk) 16:11, 4 March 2014 (UTC)).[reply]

Perhaps time to call it a "good article"?

What do u say? --Mats33 (talk) 21:43, 18 October 2014 (UTC)[reply]

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$29 trillion estimate a cost?

The opening section says "Estimates for the total cost of the bailout to the government are as much as $29 trillion." I read the abstract of the paper, and it sounds like $29 trillion was the bailout commitment. But does a commitment to extend loans mean a loss? I don't think so, but I didn't want to delete this sentence unilaterally. Any thoughts? — Preceding unsigned comment added by Tedsanders (talk • contribs) 04:40, 10 December 2019 (UTC)[reply]


yeah, my response is anything over $1 trillion is a joke and based on multiple cases of triple, quadruple counting. If I have $5 to loan and I loan out that $5 ten times, have I loaned out $50??? Nope. Still just $5. Oscardoggy (talk) 19:58, 3 March 2020 (UTC)[reply]

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