Comments for Geometry Class at FAMS http://famsgeometry.wordpress.com Blog for the FAMS Geometry Class Sun, 01 Mar 2009 14:48:53 +0000 http://wordpress.com/ hourly 1 Comment on What happens to Citigroup and B of A if…. by Mike http://famsgeometry.wordpress.com/2009/02/23/what-happens-to-citigroup-and-b-of-a-if/#comment-71 Mike Sun, 01 Mar 2009 14:48:53 +0000 http://famsgeometry.wordpress.com/?p=62#comment-71 Just passing by.Btw, your website have great content! _________________________________ Making Money <a href="http://tinyurl.com/rich-quickly/1115379" rel="nofollow">$150 An Hour</a> Just passing by.Btw, your website have great content!

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]]> Comment on What happens to Citigroup and B of A if…. by LS http://famsgeometry.wordpress.com/2009/02/23/what-happens-to-citigroup-and-b-of-a-if/#comment-70 LS Fri, 27 Feb 2009 17:12:45 +0000 http://famsgeometry.wordpress.com/?p=62#comment-70 On Monday February, 23 Wall Street Journal wrote an article about talks of the government owning Citigroup Inc. This is because as of late Citi bank has been severely struggling. The talk has not even been that the government would own only a small part, but instead the government would be, "...substantially expanding its ownership of the struggling bank." Substantially expanding is also known as the government holding up to 40% of Citigroup's stock. The bank executives are not so pleased and are hoping that the government will only own about 25%. Many people are on the fence about this event occurring. Some say that by doing this the government will have too strong an influence over finance, that they shouldn't be delving into. Other points against the government are that the government watched this happen and now they'll be able to fix this? Not so likely. People think that the government will make things worse not better. The people of America are not the only ones worried. More nervous are the actual shareholders of Citigroup. Shareholders are nervous that, "...their stakes might be further diluted." They also fear that when people find out that the government is involved, they'll quickly switch to other banks. Citigroup executives and board of directors are worried as well. Many people have been speculating that the government will try to own other banks but representatives of the White House deny these claims. I personally believe that the government should not take over the banks. Nationalization is bad and to permit a free market the government should not get involved. I believe that that would just make things worse and much more confusing. If the government does want to help struggling banks then they should not interfere so drastically. My advice is to see what happens and if things get worse, then interfere. On Monday February, 23 Wall Street Journal wrote an article about talks of the government owning Citigroup Inc. This is because as of late Citi bank has been severely struggling. The talk has not even been that the government would own only a small part, but instead the government would be, “…substantially expanding its ownership of the struggling bank.” Substantially expanding is also known as the government holding up to 40% of Citigroup’s stock. The bank executives are not so pleased and are hoping that the government will only own about 25%.
Many people are on the fence about this event occurring. Some say that by doing this the government will have too strong an influence over finance, that they shouldn’t be delving into. Other points against the government are that the government watched this happen and now they’ll be able to fix this? Not so likely. People think that the government will make things worse not better.
The people of America are not the only ones worried. More nervous are the actual shareholders of Citigroup. Shareholders are nervous that, “…their stakes might be further diluted.” They also fear that when people find out that the government is involved, they’ll quickly switch to other banks. Citigroup executives and board of directors are worried as well. Many people have been speculating that the government will try to own other banks but representatives of the White House deny these claims.
I personally believe that the government should not take over the banks. Nationalization is bad and to permit a free market the government should not get involved. I believe that that would just make things worse and much more confusing. If the government does want to help struggling banks then they should not interfere so drastically. My advice is to see what happens and if things get worse, then interfere.

]]> Comment on Slope Podcast by LG http://famsgeometry.wordpress.com/2008/11/07/slope-podcast/#comment-48 LG Wed, 12 Nov 2008 00:40:29 +0000 http://famsgeometry.wordpress.com/?p=54#comment-48 What is the website for where we can look at some of the podcasts that students made last year as an example? What is the website for where we can look at some of the podcasts that students made last year as an example?

]]> Comment on Slope Podcast by famsmath http://famsgeometry.wordpress.com/2008/11/07/slope-podcast/#comment-47 famsmath Mon, 10 Nov 2008 01:20:56 +0000 http://famsgeometry.wordpress.com/?p=54#comment-47 You are correct on both notes - Due Date -> Friday December 5, 2008, feedback deadline -> Friday November 21. If you have any other questions please let me know. Sláinte, Mr. Snee GO GIANTS!!!!! You are correct on both notes – Due Date -> Friday December 5, 2008, feedback deadline -> Friday November 21. If you have any other questions please let me know.

Sláinte,
Mr. Snee
GO GIANTS!!!!!

]]> Comment on Slope Podcast by ge http://famsgeometry.wordpress.com/2008/11/07/slope-podcast/#comment-46 ge Mon, 10 Nov 2008 00:41:32 +0000 http://famsgeometry.wordpress.com/?p=54#comment-46 Mr Snee, I noticed in this blog posting that this project is due December 5. In class a few weeks ago, you said that it was due on November 28 and the deadline for feedback was November 14. I was wondering that since the due date was changed if the deadline for feedback was changed as well. Mr Snee,
I noticed in this blog posting that this project is due December 5. In class a few weeks ago, you said that it was due on November 28 and the deadline for feedback was November 14. I was wondering that since the due date was changed if the deadline for feedback was changed as well.

]]> Comment on Bailout Plan and Beyond…. by LS http://famsgeometry.wordpress.com/2008/09/29/bailout-plan-and-beyond%e2%80%a6/#comment-41 LS Sat, 04 Oct 2008 21:37:59 +0000 http://famsgeometry.wordpress.com/?p=38#comment-41 The house was placed for a difficult vote on Monday when they had to decide whether or not to go forward with the 700 billion dollar bail plan. This money who help take some companies out of serious debt and would back up many mortgages. Many thought that all this money was undeserved since it was the companies’ faults for getting themselves into such deep trouble. Although many people oppose President Bush calls it a “very good bill” and Congress agrees. This may get us out of the rut at the moment, but who knows in the long run, and how high will this generation’s taxes raise? The house was placed for a difficult vote on Monday when they had to decide whether or not to go forward with the 700 billion dollar bail plan. This money who help take some companies out of serious debt and would back up many mortgages. Many thought that all this money was undeserved since it was the companies’ faults for getting themselves into such deep trouble. Although many people oppose President Bush calls it a “very good bill” and Congress agrees. This may get us out of the rut at the moment, but who knows in the long run, and how high will this generation’s taxes raise?

]]> Comment on Bailout Plan and Beyond…. by LG http://famsgeometry.wordpress.com/2008/09/29/bailout-plan-and-beyond%e2%80%a6/#comment-40 LG Sat, 04 Oct 2008 15:19:21 +0000 http://famsgeometry.wordpress.com/?p=38#comment-40 I read the article called Lehman’s demise triggered cash crunch around globe. I realized that the collapse of Lehman Brothers Holdings Inc. did not just affect other companies in the US, but companies from all over the world as well. Autonomy Capital Research, in London, was affected because it was created by a former Lehman trader. A Swiss bank was already hurt by ten of billions of dollars from write-downs, and its exposure to Lehman may cause it to lose even more money. A bank in Hong Kong was also affected because rumors were spread that the bank was exposed to assets that were linked to Lehman Brothers. The largest mortgage lender company in the UK was stopped in lending markets. The Government should have saved Lehman Brothers. The federal officials saved Fannie Mae, Freddie Mac, and Bear Stearns, but chose not to save Lehman Brothers. Many people think that it was a mistake not saving Lehman Brothers, and think it led to the Financial Crisis. Many other companies like AIG, CDS, and companies abroad started to fail, which also worsened the matter. The Lehman Brothers bankruptcy caused huge investments for Lehman shareholders and bondholders to end. The decision to let the company fail was a big turning point in the financial crisis. Mr. Geithner said, “ If you don’t do something, the outcome is going to be bad,” and he was right. The cost of insurance went up in the largest rise in one day ever, from $152,000 on 10 million to 194,000. It was a huge deal on Wall Street and affected all of those companies. There was a rise in the London interbank offered rate, that the Bristish Banker’s Association reported that the overnight dollar Libor rose from 3.11% to 6.44%. It is really bad that a big company like Lehman Brothers collapsed and even spread to other countries and affected them. The Government cannot let a huge company like that collapse. They should have known the consequences, but the consequences turned out worse then anyone thought. This article should have said more about the effects of the financial crisis on the people in the US. They should have said how they lost houses because the mortgages went up. They focused too much on what happened that they didn’t mention what happened to the people and how they were affected. They just said how the companies were affected. It is the biggest financial crisis since the Great Depression. I read the article called Lehman’s demise triggered cash crunch around globe. I realized that the collapse of Lehman Brothers Holdings Inc. did not just affect other companies in the US, but companies from all over the world as well. Autonomy Capital Research, in London, was affected because it was created by a former Lehman trader. A Swiss bank was already hurt by ten of billions of dollars from write-downs, and its exposure to Lehman may cause it to lose even more money. A bank in Hong Kong was also affected because rumors were spread that the bank was exposed to assets that were linked to Lehman Brothers. The largest mortgage lender company in the UK was stopped in lending markets.

The Government should have saved Lehman Brothers. The federal officials saved Fannie Mae, Freddie Mac, and Bear Stearns, but chose not to save Lehman Brothers. Many people think that it was a mistake not saving Lehman Brothers, and think it led to the Financial Crisis. Many other companies like AIG, CDS, and companies abroad started to fail, which also worsened the matter. The Lehman Brothers bankruptcy caused huge investments for Lehman shareholders and bondholders to end. The decision to let the company fail was a big turning point in the financial crisis.

Mr. Geithner said, “ If you don’t do something, the outcome is going to be bad,” and he was right. The cost of insurance went up in the largest rise in one day ever, from $152,000 on 10 million to 194,000. It was a huge deal on Wall Street and affected all of those companies. There was a rise in the London interbank offered rate, that the Bristish Banker’s Association reported that the overnight dollar Libor rose from 3.11% to 6.44%.
It is really bad that a big company like Lehman Brothers collapsed and even spread to other countries and affected them. The Government cannot let a huge company like that collapse. They should have known the consequences, but the consequences turned out worse then anyone thought.

This article should have said more about the effects of the financial crisis on the people in the US. They should have said how they lost houses because the mortgages went up. They focused too much on what happened that they didn’t mention what happened to the people and how they were affected. They just said how the companies were affected. It is the biggest financial crisis since the Great Depression.

]]> Comment on Bailout Plan and Beyond…. by BH http://famsgeometry.wordpress.com/2008/09/29/bailout-plan-and-beyond%e2%80%a6/#comment-39 BH Sat, 04 Oct 2008 04:36:41 +0000 http://famsgeometry.wordpress.com/?p=38#comment-39 Lehman’s Demise is triggered… was the article that I read. I believe that Lehman Brothers had really very little reason to be bailed out by the government, I agree with the government's economic stewards for chosing not to bail them out. Really it was Lehman's fault for getting caught in all of this mess, it was like they were waiting for a disaster to happen when they were just gambling on the investments on already overheated estate markets. Then the policy markers watched Lehman struggle raising money but then they began debating on whether it was really the right idea to save Lehmans which is quite a small company compared to AIG. If they were to bail this company out this would merely encourage other small companies to gamble and just have the government catch them it they happened to fall. The government does not want to lose the Lehman Brothers because a lot of people depend on them but still they need to show that gambling would not be a wise chose and the government wouldn't be there watching your every mistake and helping them. the government did not want moral hazard to occur. Then the government began trying to perpare the economy for America's biggest bankrupties in their history. The government was hoping that there would be possible buyouts by Bank of America Corp. and U.K. bank Barclays PLC. However both of the banks fell through. Then when lehmans had gone bankrupt the whole country was surprised at how large the ripple effect of this bankrupty had on the whole economy. The Lehman Brother's assets were worth $630 billion with this biggest bankrupcy in the US the economy was effected so badly that man people lost lots of money and bondholders lost all their money. Lehman’s Demise is triggered… was the article that I read. I believe that Lehman Brothers had really very little reason to be bailed out by the government, I agree with the government’s economic stewards for chosing not to bail them out. Really it was Lehman’s fault for getting caught in all of this mess, it was like they were waiting for a disaster to happen when they were just gambling on the investments on already overheated estate markets.
Then the policy markers watched Lehman struggle raising money but then they began debating on whether it was really the right idea to save Lehmans which is quite a small company compared to AIG. If they were to bail this company out this would merely encourage other small companies to gamble and just have the government catch them it they happened to fall. The government does not want to lose the Lehman Brothers because a lot of people depend on them but still they need to show that gambling would not be a wise chose and the government wouldn’t be there watching your every mistake and helping them. the government did not want moral hazard to occur.
Then the government began trying to perpare the economy for America’s biggest bankrupties in their history. The government was hoping that there would be possible buyouts by Bank of America Corp. and U.K. bank Barclays PLC. However both of the banks fell through.
Then when lehmans had gone bankrupt the whole country was surprised at how large the ripple effect of this bankrupty had on the whole economy. The Lehman Brother’s assets were worth $630 billion with this biggest bankrupcy in the US the economy was effected so badly that man people lost lots of money and bondholders lost all their money.

]]> Comment on Bailout Plan and Beyond…. by G.E. http://famsgeometry.wordpress.com/2008/09/29/bailout-plan-and-beyond%e2%80%a6/#comment-38 G.E. Sat, 04 Oct 2008 04:20:13 +0000 http://famsgeometry.wordpress.com/?p=38#comment-38 Due to the current financial climate on Wall Street, the government found itself in a difficult situation having to bail out the likes of Bear Sterns, Fannie Mae, Freddy Mac, and AIG. However, they decided against bailing out Lehman Brothers and a few other major corporations. With the poor state of the economy, the government felt the need to come up with a rescue plan to restore the financial industry. What they came up with was a $700 billion bailout plan that the taxpayers would pay for. With the election merely weeks away, the political tension is mounting for both the Democrats and Republicans. Both parties feel that the solution is being rushed. The financial crisis took years to build up, and some parties, especially on the Republican side, feel that it cannot be solved in a week. Also, both parties feel that it is unfair that bank executives, creators of the financial crisis, are getting away with the whole ordeal. Despite the fact that the Democrats and Republicans also disagreed on a number of issues, the final version of the bill was created in a desperate effort to save the economy. President George Bush said that it is”a very good bill.” He also said ” This plan sends a strong signal to markets around the world that the United States is serious about restoring confidence and stability in our financial system.” He concluded that “without the rescue plan, the cost to the American economy would be disasterous.” The distribution of the $700 billion will be in installments. This will start with an initial $250 billion and be followed by $100 billion “at the discretion of the president. The rest of the $700 billion can be asked for by the Treasury at any given time, but can also be denied by the Congress. It is unclear as to how much of the $700 billion will come out of the taxpayers’ pockets because money will likely be reinvested by the government and turned into a profit. In conclusion, the lack of bipartisanship between the Democrats and Republicans caused turmoil and a lot of embarrassing behavior. Instead of unifying, they continued to disagree on certain issues. As a result, the $700 billion bailout plan did not pass through Congress on Monday. After the enormous shock of the bill not passing, the DOW went down 777 points, the largest one-day decline in history. Subsequently, after another week of negotiation, the bill was passed on Friday, October 3. Due to the current financial climate on Wall Street, the government found itself in a difficult situation having to bail out the likes of Bear Sterns, Fannie Mae, Freddy Mac, and AIG. However, they decided against bailing out Lehman Brothers and a few other major corporations. With the poor state of the economy, the government felt the need to come up with a rescue plan to restore the financial industry. What they came up with was a $700 billion bailout plan that the taxpayers would pay for.

With the election merely weeks away, the political tension is mounting for both the Democrats and Republicans. Both parties feel that the solution is being rushed. The financial crisis took years to build up, and some parties, especially on the Republican side, feel that it cannot be solved in a week. Also, both parties feel that it is unfair that bank executives, creators of the financial crisis, are getting away with the whole ordeal. Despite the fact that the Democrats and Republicans also disagreed on a number of issues, the final version of the bill was created in a desperate effort to save the economy. President George Bush said that it is”a very good bill.” He also said ” This plan sends a strong signal to markets around the world that the United States is serious about restoring confidence and stability in our financial system.” He concluded that “without the rescue plan, the cost to the American economy would be disasterous.”

The distribution of the $700 billion will be in installments. This will start with an initial $250 billion and be followed by $100 billion “at the discretion of the president. The rest of the $700 billion can be asked for by the Treasury at any given time, but can also be denied by the Congress. It is unclear as to how much of the $700 billion will come out of the taxpayers’ pockets because money will likely be reinvested by the government and turned into a profit.

In conclusion, the lack of bipartisanship between the Democrats and Republicans caused turmoil and a lot of embarrassing behavior. Instead of unifying, they continued to disagree on certain issues. As a result, the $700 billion bailout plan did not pass through Congress on Monday. After the enormous shock of the bill not passing, the DOW went down 777 points, the largest one-day decline in history. Subsequently, after another week of negotiation, the bill was passed on Friday, October 3.

]]> Comment on Bailout Plan and Beyond…. by EX http://famsgeometry.wordpress.com/2008/09/29/bailout-plan-and-beyond%e2%80%a6/#comment-36 EX Sat, 04 Oct 2008 02:39:13 +0000 http://famsgeometry.wordpress.com/?p=38#comment-36 Response to "Bailout Plan in Hand" I believe that the bailout plan isn't the best way to solve the economic crisis, but at least it will work. The thing is, it will affect our generation the most. Old people don't really get that much affected by this than the current generation. It is best that we save the economy before the ripple effect to other countries get too severe for recovery, anyway. Even though the government is going to pay off a good part of it, it seems that about $350 billion is going to be sucked out of taxpayers to pay for the rest of the bailout. Even if they are able to go through with the bailout plan, the government is going to get a lot of complaints from taxpayers. The vote from the House of Representatives for this bailout plan is going to be viewed on Monday, but didn't someone say that it failed? Well, the situation doesn't look like it would be getting any better if the plan doesn't pass in Congress. The article already indicated a two percent drop in the Hang Seng Index in Hong Kong and a .9 percent drop in the Kospi Index in Seoul. There was also a drop of currency value in yen and euro, which allowed the ripple effect be visible. The government hasn't handled these kind of problems well in the past, so it would be best to hope that they have some sort of backup. The financial companies and the Bush Administration had learned their lesson. Because of greed, tax cuts, and the Iraq War, this crisis surfaced, and the government is trying to solve it at the cost of the taxpayers. Congress seems like it has no choice but to pass the bill, as stated in the article. It really would be a surprise to me if they decided for the bill to "die" in Congress, which would be a huge disappointment. I can already see the mobs of people outside the government buildings. Even though a lot of people aren't really fond of being (legally) robbed of money, I guess there's no other choice. I mean, I don't hear any other better plans for bailing out the financial industries. The chain of recent events were not timed at the right times, which was probably part of the reason that this entire crisis emerged. Bush issued tax cuts on the nation, so the government wasn't getting as much money as usual. Then, all of a sudden, the Iraq War comes, which I don't really get the point of. My parents say it's a useless war, but I don't really know the details. Anyway, because of this war, the government has to send a load of money to Iraq, and because of the tax cuts, they have no money for that. so, they decide to print the money, which caused the dollar's value to drop like a lead weight off a cliff. Which, apparently, leads to this crisis. I don't really know the details about the financial industry's story, but they also had a big deal in this. If everything was a little rearranged in timing, we wouldn't be in as deep of a mess that we're in. Response to “Bailout Plan in Hand”

I believe that the bailout plan isn’t the best way to solve the economic crisis, but at least it will work. The thing is, it will affect our generation the most. Old people don’t really get that much affected by this than the current generation. It is best that we save the economy before the ripple effect to other countries get too severe for recovery, anyway. Even though the government is going to pay off a good part of it, it seems that about $350 billion is going to be sucked out of taxpayers to pay for the rest of the bailout. Even if they are able to go through with the bailout plan, the government is going to get a lot of complaints from taxpayers.
The vote from the House of Representatives for this bailout plan is going to be viewed on Monday, but didn’t someone say that it failed? Well, the situation doesn’t look like it would be getting any better if the plan doesn’t pass in Congress. The article already indicated a two percent drop in the Hang Seng Index in Hong Kong and a .9 percent drop in the Kospi Index in Seoul. There was also a drop of currency value in yen and euro, which allowed the ripple effect be visible. The government hasn’t handled these kind of problems well in the past, so it would be best to hope that they have some sort of backup.
The financial companies and the Bush Administration had learned their lesson. Because of greed, tax cuts, and the Iraq War, this crisis surfaced, and the government is trying to solve it at the cost of the taxpayers. Congress seems like it has no choice but to pass the bill, as stated in the article. It really would be a surprise to me if they decided for the bill to “die” in Congress, which would be a huge disappointment. I can already see the mobs of people outside the government buildings. Even though a lot of people aren’t really fond of being (legally) robbed of money, I guess there’s no other choice. I mean, I don’t hear any other better plans for bailing out the financial industries.
The chain of recent events were not timed at the right times, which was probably part of the reason that this entire crisis emerged. Bush issued tax cuts on the nation, so the government wasn’t getting as much money as usual. Then, all of a sudden, the Iraq War comes, which I don’t really get the point of. My parents say it’s a useless war, but I don’t really know the details. Anyway, because of this war, the government has to send a load of money to Iraq, and because of the tax cuts, they have no money for that. so, they decide to print the money, which caused the dollar’s value to drop like a lead weight off a cliff. Which, apparently, leads to this crisis. I don’t really know the details about the financial industry’s story, but they also had a big deal in this. If everything was a little rearranged in timing, we wouldn’t be in as deep of a mess that we’re in.

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