Argument Letter

THE BAILOUT IS A FARCE! Achmad I. F., Hans R., Lia P., Rizki C., Sandhika M., Stephanie B.

Dear Mr. Turino In response of the letter written by Mr. Navellier, we as the presenting team agree with the content of the ‘love’ letter especially with the facts on the bank and financial industries in US recently. Bailout is not functionally as it should be because the impact is not as significant as it is planned. In addition, the 700 billion is not even a cure for this economic illness because US needs an integrated and thoroughlyplanned economic action such as long-term strategic plan that will work for a long time. Say, more than five years. In our opinion, with the approval of the 700 billion bailout plan, investors are not directly affected. In fact, the bearish still occurs in many capital markets in the world. In spite of the facts stated on the letter, we think that the letter is too exaggerated and might also pushes investors to worsen their optimism on the recovery. On the bottom line, we agree on the approval of the bailout bill but do not place the bailout as the holy water to remedy the US economy which in time would reflect the global economy. This is not the time to put judge on the right and wrong of the bill, but it is the time to think how to reformulate the whole economy system.