Canadas Wonderland Assignment Example | Topics and Well Written Essays - 1250 words

Canadas Wonderland - Assignment Example It is also the major theme park in the country (Williams, 2007, p 102). Canada’s Wonderland consists of beautiful sceneries, for instance, the Medieval Faire and the International Street, that are marketed for tourism by the country’s travel agencies hence earning foreign exchange for the nation. With the leadership of Kelly Robinson, the Taft Broadcasting Company suggested the construction of the theme park on a 33 acre of land. The land was located in a small village that was known as Maple. The village was a part of Vaughan, Ontario. Many other locations for the construction of Canada’s Wonderland in Ontario were considered. These areas included Cambridge, Milton and Niagara Falls. Maple, however, became the final selection as the construction site of the theme park (Williams, 2007, p. 127). This is because the village was located near the city of Toronto. It was also located near the 400 highway series. Other individuals like the Conklin family considered the Greater Toronto Area as the best location of Canada’s Wonderland. Other people like Walt Disney suggested that the theme park is constructed in Florida (Braithwaite, 2000, p. 218). Disney rejected Toronto because of the cold climate found in the region. He claimed that this kind of weather would shorten the operation period of the park, thereby, reducing profits. Many organizations opposed the construction of the theme park in Toronto. For instance, Toronto’s multicultural institutions like the Royal Museum of Toronto, Ontario Place and Canadian National Exhibition operators argued that Toronto market was too small to accommodate more competition (Braithwaite, 2000, p. 231). Other groups like the Vaughan residential association fought against the construction of Canada’s Wonderland claiming that the increased traffic that would be brought about by the theme park could reduce the value of properties in the region.  

Inner City Violence Video Lecture Critique Coursework

Inner City Violence Video Lecture Critique - Coursework Example The speaker’s main point appears credible given that the evidence is in the miraculous outcomes that he gives. The theme is credible as it tries to combine social science, street reality, and moral urgency. However, the presentation seems exaggerated as the speaker either appeared too unreserved or got too far along the speech dismissing the beliefs of minorities that policing or drug policy is an economic scheme to reinstate slavery, prior to admitting that it is essentially justified (Kennedy, 2011). I agree with the speaker that there is a socially built illusion. This is justified by the way he mobilizes the traditions of the imposing escapade tale to illustrate what people should have already known. It is true that everyone who engaged in the city crime crisis shares a lot of character traits with each other than any other person involved shares with anyone else. I also agree that people in a community, such as cops, crime victims, shooters, and the families; all begin from one point in life. In fact, they are the same people caught up in extreme circumstances, rather than a permanently and radically different kind o individual as some might think. Despite the fact that I agree with the above issues as presented, I disagree with the speaker’s point that the urban communities with high rates of criminal cases have a breakdown within the three parts namely; the victims, the police, and the residents. According to him, the three have fake perceptions about each other, making them unable to deal with crime appropriately. This is not actually the case because every individual has a role to play as an element of society, and the failure to keep peace ought not to be a one-group’s role. Further, I disagree with his motive to show the reason as to why crime decreased during the 1990s because it fails to address some earlier theories that relate to his story (Harding, 2010). The presentation, and the book in general is a must

Health Program For Latina Immigrant Essay Example | Topics and Well Written Essays - 750 words

Health Program For Latina Immigrant - Essay Example The other most important thing that I should be aware is the mode of greeting in which most of the Latin people are welcoming and mostly use hugs and cheek kisses as a mode of greeting. Knowing this will ensure I behave according to in order to show my gratitude. Politeness is also a key value and thus noting that interrupting someone shows disrespect. I will huddle this during the program period. Religion and family are highly valued and thus being conversant with the Roman Catholic Church doctrines will make it easier not to respect them in my teachings. Most of the Latin Immigrants are not well educated thus using a program in Spanish to suit them, this is better than translating a program made in English. The props used should be also in Spanish and as an educator; I would involve Spanish entertainment and their cultural foods to win their hearts. Since most of them are not well educated, it is wise to ESL approach, which will captivate more interest with all the people that want to learn English. Lastly, I would participate fully with the church thus create an admirable image thus; people would be welcoming and willing to listen to me.Would your program be for the person, extended family, or neighborhood?My program will be for the extended family since the Latin culture values it most. This will make my bonding experience easier since most of the immigrants have no documents and are afraid of being deported. These immigrants will secure to have classes in their homes.

Communication Styles Essay Example for Free

Communication Styles Essay What is Communication and Communication Styles? Communication according to Webster Dictionary is defined as a process by which information is exchanged between individuals through a common system of symbols, signs, or behavior (Merriem-Webster). Communication can be verbal and in this day in age text and email. Communication styles are the behaviors in communication that are observed by others. This paper will discuss communication, the four types of communication styles, why communication styles matter and how to improve on them. Four Types of Communication Styles The four types of communication styles include passive, passive aggressive, assertive and assertive. Below you will find the definitions of each: * The Passive Style: Communication is done in an apologetic, timid manner that leads to being disregarded by others. * The Passive Aggressive Style: This style is similar to the passive style in that they hide their real thoughts in feelings but in turn will express these thoughts and feeling indirectly through often negative actions. (e.g. talking behind backs, causing conflicts indirectly, â€Å"getting even† in an indirect manner) (Dr. D. A. Williams and Dr. M. Carey). * The Aggressive Style: This style is characterized by an individual being argumentive, threatening, fighting, and having a tendency to interrupt during conversing. Individuals who communicate in this style have no problems with standing up for themselves and communication just how they feel. * The Assertive Style: This style is the healthiest and most balanced communication style. This style is characterized expression of feelings, self-pride, and self-regard, while at the same time being considerate of others (Dr. D. A. Williams and Dr. M. Carey). Communication styles that can lead to problems are: the aggressive style, the passive style, and the passive-aggressive style (Dr. D. A. Williams and Dr. M. Carey). The disadvantages to the passive communication style you are unable to express your true thought and emotions in the fear of rejection, being misunderstood. These types of communicators often go throughout life feeling out of control, depressed, anxious and little self esteem because they are unable to effectively able to communicate their needs. These types of communicators are often taken advantage of by others because they come off so timid. Those who have an aggressive communication have a tendency to alienate others because of their aggressive style of communication. The aggressive communicator uses belittlement, humiliation, and overall overbearing demeanor to control a conversation and get their message across. Passive aggressive communicators also alienate others. They are often left feeling resentful and powerless because they do not communicate their feelings and allow them to bottle up resulting in anger, stress. Often time’s passive communicators cause conflict with those in their lives because they tend to communicate negative feelings sublimely through their actions. Individual who use an assertive style is far more well adjusted because they have the ability to effectively communicate their thoughts and feelings while considering the feelings of others. Why Do Communications Styles Matter? Having the ability to communicate effectively is very important. The style or way in which we communicate effects the relationships we have throughout life and how others view you. In order to succeed in a career one must be able to communicate effectively. More than ever before, the ability to communicate well determines an employees ability to thrive in todays workplace (Kapusta, M. Ph. D). These people are always in demand (A prime example of this is the recent debate between Mitt Romney and President Obama. During the first debate Romney often interrupted the moderator and the President; he seemed to be communicating in an aggressive style. Those in the media reported that he was not looked upon well by some because of it. Improving Communication Skills In order to improve on your communication styles one must identify your communication style, identify problematic situations, and given you have some areas that could be improved, practice changing your communication skills style (Dr. D. A. Williams and Dr. M. Carey). Many are just not aware of or never even thought about what their communication style is. If you realize that you communicate in a more aggressive style just simply try and be more aware of your tone, body language, and listening skills. If one is educated on this subject and understands the components of all four of the communication styles as with anything else, practice makes perfect. Conclusion As previously stated your communication style can either enhance or negatively affect many aspects of your life. Being able to communicate effectively will avoid conflict and misunderstanding with those around you. Beyond just being aware of your personal communication style and practicing to improve there are several other ways in which you can improve in this area. There are classes available in public speaking and communication and interpersonal skills. So be self aware and ask for feedback from others, your relationships and even your career depends on it. References Dr. D. A. Williams and Dr. M. Carey. Getting the Most Out of Your Interactions with Others.: Use effective communication. Retrieved from http://www.med.umich.edu/painresearch/patients/Communication.pdf Kapusta, M. Ph. D. Why Communication Matters. Retrieve from http://www.studentaffairs.pitt.edu/sites/default/files/PDFsandForms/OCC/WhyCommunicationMatters.pdf Merriem-Webster Dictionary. Communication Definition. Retrieved from http://www.merriam-webster.com/dictionary/common \

The Notion of Good and Evil in Stevensons Dr Jekyll and Mr Hyde Essay

The Notion of Good and Evil in Stevenson's Dr Jekyll and Mr Hyde The book entitled 'The Strange Case of Dr Jekyll and Mr Hyde' was published in 1886. Although in the book Stevenson does not ever state the exact year, it was at the time recognized immediately as a grand work. The main theme running throughout the book is about the duality of human beings and the battle in all humans between good and evil. This book is very allegorical because the characters and events are representing other things and symbolically expressing a deeper spiritual and moral meaning. For humans the battle between the potential for extreme good and extreme evil is in the mind, but Jekyll's experiment has given one man a split personality of the two extremes in the physical realm. The book also involves a theme of hypocrisy, as shown by Jekyll and Hyde of Victorian society. On one hand it was pleasant society, respectable, conventional, deeply religious, and polite. On the other was a much more bohemian England, symbolized by dishonesty and darkness. The combination of the two aspects in contrast to each other made an impression on Stevenson. This was a world of appearance not truth with Victorian oppression, fighting against basic human nature. Throughout the story is an omniscient narrator who tells the story from full view of different people with different perspectives (e.g. the view of the maid lets us into her feelings and attitudes towards Hyde). The author could have chosen another route by possibly telling the story as a confession from Jekyll's point of view. The author chose not to write in this way because he wanted to give a view of... ...This is a warning from Stevenson to the reader not to take the easy way out. It also proves that Stevenson wants the reader to judge Jekyll harshly as he was weak and took the "cowards" path out, which lead to his death. Although Jekyll seems to have no control over Hyde, once he has transformed, it is Jekyll's original attitude towards evil in the first place, which brings him trouble. He sees the ability to lose moral control and be free from the ties of society as a kind of liberation, which is why the transformation into Mr Hyde is so appealing to him. It is not that he has no regard to society as a whole, or he wouldn't need to turn into Hyde, but that he cannot tolerate that certain behaviour is prohibited. By becoming Hyde, Jekyll can follow his wildest imaginations without worrying about the consequences.

PR Plan for M&S Clothing

Introduction In recent years, Marks & Spencer’s clothing sales have experienced a period of decline and have been involved in a large amount of discounting which has a negative impact on the profit margins within the department. The purpose of this PR plan is to consider an appropriate marketing and PR strategy that would lead to the turnaround of this ailing department. Aims and Objectives The primary aim of this PR and marketing agenda is essentially to reinvent the positioning of the M&S clothing division, so that it is not forced into having to discount and is therefore able to maintain stronger profit margins. Historically, Marks & Spencer’s has maintained a strong reputation for providing quality basics, without necessarily being at the cutting edge of fashion, with the establishment of additional ranges, aiming to have the impact of turning this perception around. Yet, the increased use of disposable fashion from the likes of Primark has put increasing pressure on companies such as Marks & Spencer when it comes to retaining their market share (MacDonald, 2011). Despite this, the marketing campaign, â€Å"Leading Ladies†, has shown a slight turnaround of fortunes, indicating that a concerted effort within the PR and marketing area could indeed have a dramatic effect on this ailing area within M&S (Marks and Spencer, 2014). Audience The audience is potentially one of the hardest things to identify, in terms of this overall PR plan, as Marks & Spencer’s clothing covers such a potentially wider audience. It is suggested in this case, however, that by focusing on ladies wear, the overall agenda for the clothing department can be considered and looked at in the long run (Hackley, 2009). The target audience for this plan therefore is to focus on the fashion conscious, yet affluent 20 – 40 year old category. Attempting to compete with the prices of disposable fashion outlets is simply impractical; therefore, the focus needs to be on the high income a professional, fashionable women who also want their clothes to be excellent quality and durability. Message Linked to the chosen audience is the message that M&S clothing products are providing quality, durable essentials that offer a sophisticated and professional look, with a touch of fashion that is not a disposable, cheap fashion product. One of the key problems which have been identified within the M&S clothing range in recent years is that the cost of the product has simply not warranted the quality of fashion being provided, and the balance between quality and cost needs to be redressed (Parrish, 2010). Maintaining a strong quality is important. Yet, it is necessary for the fashionable element of the product to be brought to the forefront of this message, and this needs to be delivered clearly to the young, affluent audience. In order to achieve this M&S is going to focus on the younger audience by engaging with young workers and students. Offering discounts and selecting the relevant media publications that aim at these people will be a crucial part of delivering this message. Communication Strategies Bearing in mind the message and the target audience in question, the choice of communication strategy will be particularly important when it comes to successfully providing this shift in emphasis and new marketing strategy. Given the chosen audience, the communication strategies also need to be aimed at a younger audience, using factors such as the internet and e-mail marketing, in order to portray a younger, more cutting-edge image. Establishing affiliations with third parties and appropriate magazines will also be important for encouraging potential consumers to view Marks & Spencer clothing in a slightly different light. Events such as fashion shows and launches of product ranges in locations that are going to be targeting this new audience. Working with Universities and popular work areas in central towns will assist in this matter. Celebrity endorsement is also potentially going to assist in shifting the perceptions of Marks & Spencer away from products which are slightly old and staid. By partnering with the appropriate celebrities and also appropriate events, the general perception of the company can be changed, over time, and this needs to be a relatively mid-term agenda for M&S. Resource and Budget The overall size of M&S and the ability to draw on financial resources from other departments such as the food and home department provides evidence of real opportunities in regard to spending a large amount on this revised PR and marketing approach that would be impossible for other organisations without the backing of these departments. In order to completely reinvent the perception around an organisation the size of M&S will require a consistent and large resource, over a relatively prolonged period of time. In addition, however, it is proposed that a six-month time horizon be looked at, with the majority of the focus being placed on shifting the emphasis and eventually reinventing the product range. It is therefore suggested that a team of four marketing professionals should be given the agenda of achieving this plan as part of a specific six-month project (Hallbauer, 2008). Initially, it is proposed that a budget of ?260,000 will be provided on the basis of ?40,000 per month to cover the advertising in key locations and in order to ensure that the manpower is available in every store across the country. It is also recognised that having a strong celebrity endorsement may be very beneficial, the budget may need to be adjusted to reflect this. Evaluation Methods By looking at the current difficulties being faced by the M&S clothing range, it can be seen that it is largely attached to the perception of individuals and the demands of the potential target audience. With this in mind, evaluating the marketing and PR agenda will not only involve looking at quantitative figures such as the change in sales, but more crucially at the changing perceptions of customers and potential customers. Also for this reason, at least initially, the necessary way to evaluate the PR agenda will be to undertake an analysis of customer perceptions and satisfaction of products. After the initial six-month period, it is anticipated that there will be shifting sales figures and therefore the evaluation methods used would need to alter to take this into account. It is, however, recognised that this marketing agenda will not completely change the fortunes of the company in a matter of weeks and evaluation methods need to be reflective of this gradual shift, if the agend a is not to be deemed a failure, at a fairly early stage (Newman & Cullen, 2002). References Hackley, C, (2009) Advertising and Promotion: An Integrated Marketing Communications Approach, SAGE Publications Hallbauer, S, (2008) Retail Marketing and New Retail Idea – Marks and Spencer, GRIN Verlag MacDonald, G, (2011) For M&S’s Bolland, Success is in the Detail, Retail Week, Available at: http://www.retail-week.com/city/for-mss-bolland-success-is-in-the-detail/5025603.article Marks and Spencer (2014) Available at: http://corporate.marksandspencer.com/investors/press_releases/only_m_s_marks_spencer_invites_you_to_meet_britains_leading_ladies Newman, A & Cullen, P, (2002) Retailing: Environment & Operations, Cengage Learning Parrish, E. (2010) Retailers’ use of niche marketing in product development. Journal of Fashion Marketing and Management, Vol. 14, No. 4, pp. 546-561

Bank Bailout 2008

Bank Bailout Outline I. Introduction II. Background III. Opposition’s point 1, refute, 1st support for thesis. a. Credit Card Act of 2009 b. No Change at all, Banks still operating the same way IV. Opposition’s point 2, refute, 2nd support for thesis. a. Creation of TARP b. $12. 2 trillion dollars of tax dollars were spent wrong c. TARP allowed many banks to allow credit again d. A majority of banks have paid back TARP money e. After TARP, Economy boosted V. Opposition’s point 3, refute, 3rd support for thesis a. Toxic assets cannot be removed easily b. Government takes more cost, then expects c.Economy will decline with removal of assets VI. 4th support for thesis a. Increased national debt b. Politicians were forced to sign this bill c. No solving of problems â€Å"Let’s hope we are all wealthy and retired by this house of cards falters† (Bloomberg, 2007). The credit crisis is known as the â€Å"House of Cards†, for years the banking indust ry has transformed many American lives, which has resulted in a troublesome economy. Many factors led to the credit crisis, such as the rise and fall of the housing market, and inaccurate credit ratings helped to create the sub-prime mortgage crisis (Issues & Controversies, 2010).Low interest rates developed easy credit, in which people could get a mortgage and credit cards based on inaccurate credit ratings with the creation of sub-prime mortgages. People have the ability to own a home, with no down payment or fixed income. In August of 2007, the United States began a loss of confidence in securitized mortgages, which resulted in the Federal Reserve injecting $20 trillion dollars into the financial markets to ease the situation (â€Å"Obama Sends Warning to Big Banks, 2010).The most important question to be answered in the decade is â€Å"How a loss of $500 billion dollars from the sub-prime mortgage resulted in a $20 trillion dollar loss in equity values and an entire shock to t he world’s financial system† (Woellert & Kopecki, 2007). The United States government should not have given the financial institutions bailout money, because financial institutions using loop holes in the system to take advantage of their clients, financial institutions operations have stayed the same, and the government’s belief of a tree market economy goes against the bailout.The credit crisis is a â€Å"worldwide financial fiasco, which resulting from sub-prime mortgages, Collateralized Debit Obligations, Frozen credit markets, and credit default swaps† (Jarvis, 2009). The credit crisis brings two people together, people on Main Street and investors. The people on Main Street represent their mortgages or houses, while investors represent their money, which also represents big institutions such as pension funds, insurance companies, mutual funds; sovereign funds (Jarvis, 2009). These groups brought through the financial system, composed of banks and bro kers on Wall Street.As a result of the September 11th attack, Chairman Allen Greenspan lowered interest rates only to 1%, to allow credit to flow; however, investors have a very low return on investment (Snow, 2008). By lowering interest rates, it allows for banks to only borrow money from the Federal Government for 1% plus the surpluses from the Asian and Middle East market, which makes borrowing money easy for banks and to allow leverage (Adding up the Government’s Total Bailout Tab, 2009). The definition of leverage is, â€Å"borrowing money to amplify the outcome of a deal† and is a major way banks make their money (Princeton University, 2010).Wall Street takes out a majority of loans and uses leverage to their advantage, and a heavy flow of capital comes in. In which return, they pay back their original investment. The investors notice that Wall Street is making money very fast, and they want to create a new product to sell to Wall Street. The mortgage connects th e home buyer with a mortgage lender on Wall Street who gives them a mortgage, which is great because housing prices throughout America have been rising (â€Å"Bailed out banks†, 2010).The mortgage lender gets a call from an investment banker who wants to buy the mortgage; and the lender sells it to him, and the investment brokers buys thousands of mortgages. Every month the investment banker gets the payments from all the mortgages that he purchased from the box and cuts the box into three slices â€Å"Safe, Ok and Risky†, and then he packs the slices into the box and calls it a Collateralized debt obligation or â€Å"CDO† (Woellert & Kopecki, 2007).However, greed has risen to the investment banker and wants’ more mortgages; however, the lender does not have any more mortgages to sell, because everyone who has qualified for a mortgage already has one; and the birth of the sub-prime mortgage is born. With a standard loan, the homeowner had to prove his wor th of a home, such as a job, good standing citizen, and assets. However, with a subprime mortgage, it was basically like free money. The person did not have to state their income, nor prove that you had a job.The investment banker and the lender are taking a risk, because if a home owner defaults on their mortgage, the lender gets the house and sells the house for a profit because home values have been increasing (Issues & Controversies, 2010). While home values have been increasing, American incomes have been plummeting for years; and because of sub-prime mortgages, the person did not have to prove income, a person with a $30 thousand dollar income; could own a $300 thousand dollar home. Many people defaulted on their mortgages, and foreclosures have been on the rise. In the United States, foreclosures were up 81% in 2008 and up 225% from 206†, which equals out to 19 per 1,000 households (CBS News, 2008). Due to there was a huge increase in foreclosures, instead of housing pr ices increasing; the houses values decreased in value very quickly and resulted in more foreclosures. A $300 thousand dollar mortgages was now only worth $75 thousand dollars. So all the mortgages that was in the investment banker CDO, now are worthless, and no one wants’ to take the CDO, and now the CDO is acting like a bomb (Roney, 2007).The investment banker is now panicking because he borrowed millions of dollars to buy the mortgage, and now he cannot get rid of it; however he is not the only one. Thousands of investment bankers throughout the world have CDO’s on their hand (Bailed out banks, 2010). In result the world’s financial system has become frozen, and everyone starts going bankrupt. As a result of the failure, the United States government rolls out a new program called Troubled Asset Relief Program (TARP) to prevent another bank failure.Under the bank bailout, creation of new legislation to protect the consumer has rapidly increased, and supporters of the bank bailout point to the Credit Card Act of 209. Not only were subprime mortgages affected, but due to the freeze in the credit market in the United States government needed a way to regulate the credit card industry, but also to stimulate spending. Under the Credit Card Act of 2009, they require the financial institutions to give the cardholders 45 day’s notice of any interest rate change and financial institutions are prohibited from using misleading terms such as â€Å"prime or fixed rate† (The White House, 2009).With this legislation in place, it protects the consumer from many of the scams that the mortgage industry used as bait to get clients into buying houses they could not afford, using the subprime mortgages (Roney, 2007). But also it allows for Congress to embrace new regulations placed on the financial institutions. The Credit Card Act of 2009 that has become part of the famous bank bailout, however, it has been shown to protect the consumer, and Co ngress will regulate the new rules placed on financial institutions.For example, â€Å"there is no cap on the interest rate the credit card companies can charge†, and while credit card companies cannot increase you interest rate but only if you are late on a payment, â€Å"However future purchases interest rates can be raised with no reason† (White, 2010). The credit card companies have the ability to raise the interest rate on any purchases, while they must still notify you of the higher interest rate, the ballooning of the interest rate can take place at any time.This is exactly the same measures the financial institutions have used to misinform their consumers and â€Å"kick them when they are down† and â€Å"corrupt the middle class of America† (White, 2010). How the subprime mortgage boomed, had to come from the terms that many of the average consumers cannot understand, and a major aftermath of the subprime/credit crisis, occurred when many people d efaulted on their homes and credit cards (Roney, 2007).Then the mortgage and home will not exist for the family any more, and the credit card companies will balloon their interest rate enough so that the card holders will not be able to pay their credit card/mortgage. In which then the financial institution hounds them and attacks them at their core roots and even calls other family members to alert them of the card holder financial problems because they cannot pay their bills. The banking and financial institution have not taken any actions to prevent another credit crisis from happening again.Supporters of the bank bailout, commonly referred to as TARP, argue that the bailout wiped all the bad toxic assets (CDO’s) which were collected as result of the credit crisis and prevented the assets from hurting the financial institutions. The major recipients were Freddie Mac; and Fannie Mae. Both were government owned enterprises which bought a majority of the sub-prime mortgages ( Roney, 2007). Removing the bad assets from the financial institutions will have a positive effect on the economy because it allows banks to start lending again and unfreeze the markets.Under TARP, some mortgages would require the government to rewrite some of the effected loans, effectively putting more Americans into homes that they will be able to afford and by rewriting the loans also increase the standard of living. John Douglas, general counsel at the FDIC, said, â€Å"It doesn’t make sense to give the authority to anybody else but the FDIC†; he goes on to say â€Å"That’s what the FDIC does, it takes the bad assets out of the banks and manages them and sells them† (Vekshin & Schmidt, 2009). However, the supporters of the bank bailout do not represent correct/valid points/facts.In a study by the IMF of the 124 banking crisis, they have concluded: Existing empirical research has shown that providing assistance to banks and their borrowers can be count erproductive, resulting in increased losses to banks, which often abuse forbearance to take unproductive risks at government expense. The typical result of forbearance is a deeper hole in the net worth of banks, crippling tax burdens to finance bank bailouts, and even more severe credit supply contraction and economic decline than would have occurred in the absence of forbearance. Valencia & Laeven, 2008) As a result of the IMF study, it has concluded that removing the bad toxic assets from the banks could actually hurt the financial institutions and a system as a whole could freeze the credit markets again with a result of an economic decline, instead of an economic incline. Also there is no definition of a troubled market or loan. If the government wants to rewrite troubled mortgages or loans, there are no set criteria to say whether a mortgage or loan should be taken by the government and given to the troubled family.Another point, as Steward said, â€Å"The only way for this pr ogram to work is for enough of the bad mortgages/loans to be purchased to connivance lenders that the problem mortgages cannot hurt the system, or to put in simple terms, the government has to purchase enough mortgages/loans to inspire intra- institution (Stewart, 2008) Furthermore, the institutions will sell the assets that will remain depressed in value; and â€Å"no one is going to sell a asset that has a higher chance of making the institution money (Obama Sends Warning to Big Banks, 2010). In result, under TARP the government has a high probability of taking a majority of the loss.With the bank bailout, the economy will decline, and the government will take a great loss of the bank bailout. Supporters of the bank bailout will say that if the government did not step in and inject $20 trillion dollars into the market, an economic collapse could have happened and set America into another Great Depression. A heavy incline of unemployment; foreclosures were through the roof, a majo r decline in incomes (Solomon, Enrich, & Hilsenrath, 2009). America was becoming a very sick nation, and the bank bailout would help the economy and stimulate the financial institutions to help start lending and unfreeze the credit market.As one writer wrote, â€Å"there was at no time better to inject the financial institutions at this time, if they collapse it may be the sign of the apocalypse† (Bailed out banks, 2010)/ If there was no bank bailout, there is a major chance that this will be a sign of the apocalypse because the United States drives the world and if the major financial institutions such as Bank of America or Merrill Lynch fails then the world economy could ultimately send the world in to another Great Depression.The major reason that the American government should not have passed the bank bailout was the cost to the government. Under the Bush administration, the national debit doubled to a record high $10 trillion dollars (Solomon, Enrich, & Hilsenrath, 2009) . There are more programs that the government has to pay for such as Social Security. Many economists call this the â€Å"polluter pays† which is defined as â€Å"polluters must pay for the cost of cleaning it up† (Princeton University, 2010).When the financial industry is bailed out of disasters, which a majority of the time throughout history, they have created those disasters. If the banking industry feels like they can be bailed out every time they make a major mistake, then the American people will pay because the bank bailout is directly connected to the taxpayer’s funds (Obama sends warning to Big Banks, 2010).A price tag of $700 billion dollar bailout has hidden costs which can go high as $3 trillion dollars, which can â€Å"be the shortfall between the economies potential output and its actual output from the crisis† (Issues & Controversies, 2010). Another factor in the bank bailout is the morality, because the banks do not pay the costs that are imposed on a world society, which the tax payers pay directly into the banks and then the banks pay back into the government. Also, the political had a major role in deciding to pass the bank bailout.A senator said, â€Å"We had no choice. We had a gun pointed at our heads. Without the bailout, things would have been even worse† (Woellert & Kopecki, 2007). While politicians did not have an actual gun to their head, figuratively speaking because they had a oversight on â€Å"saving the banks and shareholders† or â€Å"have saved the banks but let the bankers and shareholders go† because of the final tap that American tax payer will have to pay to the bailout the banks that created this mess (Solomon, Enrich, & Hilsenrath, 2009).The bank bailout was a major mistake in the evolution of the financial world because it did not solve any problems; people can still be charged higher interest rates on their credit cards/mortgages. With TARP, there is no true removal of the bad assets that caused the credit crisis to form the bank bailouts; it only hurts the government because it has to take on the debt. Truly, we have stroke the core of the American people with the credit crisis, but at the same time the financial world has been given more powers and in a free market enterprise, the credit crisis can happen again at any moment.