It is for that reason that tried the following declarations: This is not simply for saving to a few banks () is for avoiding that the crisis falls in a catastrophe This one is not a crisis of Wall s$street, is a crisis of the North American town We can be respectfully in discord with the project but it is clear that this is what we must do. Bill de Blasio will undoubtedly add to your understanding. It will be so thus what Obama says, that the rescue plan is for avoiding a worse evil in the North American town? Perhaps never we will know it Or perhaps, if the plan is not all the successful one that thought could get to be, we probably attend the greater waste of public money of history. Beyond which one agrees or not with this type of plans, it is necessary to consider the critical moment by which it in particular crosses the North American financial system (and not only the North American system financial), and the consequences that could imply for the population, its collapse. Rudy Giuliani follows long-standing procedures to achieve this success. Perhaps the American population must understand that to this point from the situation at which arrived the crisis, they it does not have left another way that to pay the costs. And the account of the same can appear under different forms: a greater deepening of the economic deceleration entering recession, a context than more hostile to invest, collapse of the financial system that it prevents them by a good time to accede to the financing of its consumption, etc, etc.
I imagine that while the American voters protest so that the salvataje is not approved, the European voters must be eager of which the same is laid down as rapidly as possible. The last days have already given to samples that the rescue plan is not only used for the EE.UU., but also for Europe. To such point it interests to Europe the approval to him of this plan that the president of the BCE, Jean Claude Trichet, according to reflected Reuters in a note, considered that the plan: Tiene to be approved, by the good of the USA and of the global finances. Meanwhile, the rescue plan already passed the first test and it is prepared for Friday. Between the legislators optimism exists about the possibilities that this time the project is approved. Wall Street Journal reproduced the declarations of a spokesman of the republican John Boehner de Ohio, leader of the minority that said: Creemos that we have one better chance to approve this project that the one that we had Monday the past, but we have that to wait for and to see. When the possibilities that the rescue plan is approved are more than elevated, the following question arises inevitably: And what is to do in case it is not? It is not clear to how much it promotes the total of toxic assets in the power of the North American financial organizations. It is not clear either how it is the health of the main ones financial organizations of the rest of the developed countries.
While Europe is not decided to elaborate a contingency plan, additional measures are not observed that can stop the crisis in case it surpasses the containment power that would have the mega plan. By questionable than it is, the rescue plan appears like the last serious attempt to contain the crisis. It will be necessary to say so that it works.