IF A Bailout Is Necessary And Inevitable, It Should Be Like This...

[gnome]

1. Get money people together.. bankers and risk managers (not self-serving, politically motivated legislators)... and determine how to get the biggest "bang for the buck" in terms of recapitalizing the banks.

2. No "reimbursing bad bets" by investors, no "golden parachutes for executives", no "siphoning money to special interest groups"

Those who made bad bets must NOT be bailed out, but must suffer free market consequences... not beg for forgiveness and reimbursement from the conservative and innocent.

(Yes, all them guys and HF managers who "loaded their portfolios with derivatives" should play for their recklessness.)

 

[libertad]

Yes but....

the Republican'ts

and the democraps....

do not like to work weekends....

and need another vacation...

I suspect Bush is going to Crawford
asap cause he does not like being the Pres anymore...
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Seriously though....

Your points are well made....

The solution is simple.....

What has failed is the two party system....It has shown repeatedly that it is not capable of running the business of the US.....It has done the opposite....it is ruining the business of the US.....

The US just needs to replace the management...it has failed...

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People like Roubini and Buffett have continually got it right.....

And the politicians and their choices have continually got it wrong....and are still looking to the same sources who have gotten it wrong....to get it right.....

This is unbelievable....
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The democracy by advertising has got to go...this is like hollywood running the show....
....................................................

Look....

Tax revenue is the biggest business in town....which has been controlled by political cronyism, fraud, special interests, etc...and is not going to change until you get rid of it....
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A simple 10% consumption tax will increase the tax take many times over....

Local town by town government with local projects by election....with the internet as the centerpiece...

Education with the internet as the centerpiece......

A worldwide based direct access highway to equity capital....

Banks localized and discounted asset based only......
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You know the story.....

Even rats stop looking where there is no cheese....


By the way....last time I looked.....there seems to be a lack of competition forming amongst the bigger companies' segments in the US.....I suppose anti-trust division is asleep as well....but it will handle it later ?