Comments on: Wall Street Bailout Bill: 5 Examples of Wall Street Trickle Down Effects http://steadfastfinances.com/blog/2008/10/01/wall-street-bailout-bill-5-examples-of-wall-street-trickle-down-effects/ A Personal Finance & Investing 101 blog that delves into current events, consumer education, and techniques to improve your bottom line. Sun, 21 Mar 2010 03:40:47 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Bad Drivers Beware: Local Governments Are Charging ‘Accident Response Fees’. | Steadfast Finances http://steadfastfinances.com/blog/2008/10/01/wall-street-bailout-bill-5-examples-of-wall-street-trickle-down-effects/comment-page-1/#comment-2085 Bad Drivers Beware: Local Governments Are Charging ‘Accident Response Fees’. | Steadfast Finances Wed, 15 Apr 2009 04:13:56 +0000 http://steadfastfinances.com/blog/?p=101#comment-2085 [...] Back in October 2008, I was actually called out for being too “Orwellian” with my Wall Street trickle down prognostications where basic services and basic infrastructure could be negatively impacted unless we received the [...] [...] Back in October 2008, I was actually called out for being too “Orwellian” with my Wall Street trickle down prognostications where basic services and basic infrastructure could be negatively impacted unless we received the [...]

]]> By: Reverse Brain Drain: Foreign Headhunters Taking Full Advantage of U.S. Recession :: Steadfast Finances http://steadfastfinances.com/blog/2008/10/01/wall-street-bailout-bill-5-examples-of-wall-street-trickle-down-effects/comment-page-1/#comment-1072 Reverse Brain Drain: Foreign Headhunters Taking Full Advantage of U.S. Recession :: Steadfast Finances Sun, 04 Jan 2009 04:37:23 +0000 http://steadfastfinances.com/blog/?p=101#comment-1072 [...] the U.S. recession trickle down effects being fully evident, foreign nationals on a Work Visa or American citizens who speak a [...] [...] the U.S. recession trickle down effects being fully evident, foreign nationals on a Work Visa or American citizens who speak a [...]

]]> By: ING Direct’s CEO: American’s Opening 100,000 New Savings Accounts per Month :: Steadfast Finances http://steadfastfinances.com/blog/2008/10/01/wall-street-bailout-bill-5-examples-of-wall-street-trickle-down-effects/comment-page-1/#comment-200 ING Direct’s CEO: American’s Opening 100,000 New Savings Accounts per Month :: Steadfast Finances Tue, 28 Oct 2008 05:32:22 +0000 http://steadfastfinances.com/blog/?p=101#comment-200 [...] ING Direct has seen only 100 foreclosures from it’s own mortgage portfolio.  Rather shocking considering we just spent $700 Billion to bailout Wall Street from the infamous trickle down effects. [...] [...] ING Direct has seen only 100 foreclosures from it’s own mortgage portfolio.  Rather shocking considering we just spent $700 Billion to bailout Wall Street from the infamous trickle down effects. [...]

]]> By: Matt http://steadfastfinances.com/blog/2008/10/01/wall-street-bailout-bill-5-examples-of-wall-street-trickle-down-effects/comment-page-1/#comment-161 Matt Fri, 24 Oct 2008 15:20:37 +0000 http://steadfastfinances.com/blog/?p=101#comment-161 @ Deedee Another very strong point. Thank you for mentioning it because no one is really immune from a U.S. recession, or a global slowdown in the financial markets. Just goes to show how a few bad decisions made on such large scale can have such devastating, long term impacts. @ Deedee

Another very strong point. Thank you for mentioning it because no one is really immune from a U.S. recession, or a global slowdown in the financial markets.

Just goes to show how a few bad decisions made on such large scale can have such devastating, long term impacts.

]]> By: deedee http://steadfastfinances.com/blog/2008/10/01/wall-street-bailout-bill-5-examples-of-wall-street-trickle-down-effects/comment-page-1/#comment-159 deedee Fri, 24 Oct 2008 12:33:49 +0000 http://steadfastfinances.com/blog/?p=101#comment-159 Have you stopped to think about this on a very low level. Customers can still afford to eat out at resturants, where waitresses work for $2.18 per hour, but somehow can't afford to to tip decent anymore. The waitress has a wonderful drop in income and the increase in expenses. :) It really feels great to sever the realtors who, really didn't care if the new home owner could afford the home. The commission was most important. We all need to show a little less greed and maybe alittle tree huggin an't so bad. Democracy: a government in which the supreme power is held by the people. humm Have you stopped to think about this on a very low level. Customers can still afford to eat out at resturants, where waitresses work for $2.18 per hour, but somehow can’t afford to to tip decent anymore. The waitress has a wonderful drop in income and the increase in expenses. :) It really feels great to sever the realtors who, really didn’t care if the new home owner could afford the home. The commission was most important. We all need to show a little less greed and maybe alittle tree huggin an’t so bad. Democracy: a government in which the supreme power is held by the people. humm

]]> By: Vanguard CEO Discusses Poor Performance of Index Funds During Last Decade :: Steadfast Finances http://steadfastfinances.com/blog/2008/10/01/wall-street-bailout-bill-5-examples-of-wall-street-trickle-down-effects/comment-page-1/#comment-134 Vanguard CEO Discusses Poor Performance of Index Funds During Last Decade :: Steadfast Finances Tue, 21 Oct 2008 19:47:00 +0000 http://steadfastfinances.com/blog/?p=101#comment-134 [...] considering the fallout from the financial crisis is only now becoming visible, and the subsequent trickle down effects from Wall Street to Main Street are being [...] [...] considering the fallout from the financial crisis is only now becoming visible, and the subsequent trickle down effects from Wall Street to Main Street are being [...]

]]> By: Well, What Now? Some Thoughts On The Economy | TheOnlyDevice.com http://steadfastfinances.com/blog/2008/10/01/wall-street-bailout-bill-5-examples-of-wall-street-trickle-down-effects/comment-page-1/#comment-92 Well, What Now? Some Thoughts On The Economy | TheOnlyDevice.com Thu, 09 Oct 2008 14:38:34 +0000 http://steadfastfinances.com/blog/?p=101#comment-92 [...] Wall Street Bailout Bill: 5 Examples of Wall Street Trickle Down Effects @ Steadfast Finances [...] [...] Wall Street Bailout Bill: 5 Examples of Wall Street Trickle Down Effects @ Steadfast Finances [...]

]]> By: Well, What Now? Some Thoughts On The Economy http://steadfastfinances.com/blog/2008/10/01/wall-street-bailout-bill-5-examples-of-wall-street-trickle-down-effects/comment-page-1/#comment-76 Well, What Now? Some Thoughts On The Economy Sat, 04 Oct 2008 08:42:31 +0000 http://steadfastfinances.com/blog/?p=101#comment-76 [...] Wall Street Bailout Bill: 5 Examples of Wall Street Trickle Down Effects @ Steadfast Finances [...] [...] Wall Street Bailout Bill: 5 Examples of Wall Street Trickle Down Effects @ Steadfast Finances [...]

]]> By: Well, What Now? Some Thoughts On The Economy | Ask Mr Credit Card's Blog http://steadfastfinances.com/blog/2008/10/01/wall-street-bailout-bill-5-examples-of-wall-street-trickle-down-effects/comment-page-1/#comment-75 Well, What Now? Some Thoughts On The Economy | Ask Mr Credit Card's Blog Sat, 04 Oct 2008 07:59:02 +0000 http://steadfastfinances.com/blog/?p=101#comment-75 [...] Wall Street Bailout Bill: 5 Examples of Wall Street Trickle Down Effects @ Steadfast Finances [...] [...] Wall Street Bailout Bill: 5 Examples of Wall Street Trickle Down Effects @ Steadfast Finances [...]

]]> By: Matt http://steadfastfinances.com/blog/2008/10/01/wall-street-bailout-bill-5-examples-of-wall-street-trickle-down-effects/comment-page-1/#comment-74 Matt Thu, 02 Oct 2008 20:20:43 +0000 http://steadfastfinances.com/blog/?p=101#comment-74 I don't think I’m anywhere close to 1984 like status. Far different scenario when the government sends us to the salt mines at the hands of the Thought Police versus buying CMOs (which will probably be overpriced) with the intention (stupid or not) of unthawing the credit markets, and throwing Wall Street a lifeline. But to answer your question, yes I believe the trickle down effects would be worse than 700B on overvalued CMOs. I hate the idea that the collective must pay so much because of the faulty decisions by so few, but we’re basically at a point of choosing the lesser of the two evils. Doing nothing could be more costly than doing something. I don’t think I’m anywhere close to 1984 like status. Far different scenario when the government sends us to the salt mines at the hands of the Thought Police versus buying CMOs (which will probably be overpriced) with the intention (stupid or not) of unthawing the credit markets, and throwing Wall Street a lifeline.

But to answer your question, yes I believe the trickle down effects would be worse than 700B on overvalued CMOs. I hate the idea that the collective must pay so much because of the faulty decisions by so few, but we’re basically at a point of choosing the lesser of the two evils.

Doing nothing could be more costly than doing something.

]]> By: hmmm http://steadfastfinances.com/blog/2008/10/01/wall-street-bailout-bill-5-examples-of-wall-street-trickle-down-effects/comment-page-1/#comment-73 hmmm Thu, 02 Oct 2008 19:21:24 +0000 http://steadfastfinances.com/blog/?p=101#comment-73 So you believe the potential trickle down effect of having lower state and county income tax levels outweighs the idea of having the federal government spend 700B on overvalued CMO's? Which do you think will lead to increased "basic infrastructure deteriorating" Your claim approaches Orwellian status. So you believe the potential trickle down effect of having lower state and county income tax levels outweighs the idea of having the federal government spend 700B on overvalued CMO’s?

Which do you think will lead to increased “basic infrastructure deteriorating” Your claim approaches Orwellian status.

]]>