Britishsteel

A Five-Step Plan to Prevent Great Depression II

How about prosecuting those that created this financial disaster? confiscating theIr assets, locking em up all of them? By the time you work your way through all the ceo's the politicians and bankers ,underwriters ratings agencies ect.. I am sure you could recoup a large portion of the monies lost not all but say 20% , MAYBE MORE and that would instill trust from the public at large. Then recoup all bailout money from existing banks PLUS seizing all their assets as penalty for knowlingly writing bad loans before the ink was dry on these loans . And then move on to brokerage houses like goldman Sachs who knew the credit default swaps they wrote would default and then taking a short position against them? lOTS OF ASSETS OUT THERE TO SEIZE AND AGAIN WOULD DO WONDERS TO RESTORE FAITH IN AMERICAN MARKETS! Then the government with the seized assets creates 10 new banks with clean balance sheets and reserve limits that are ahdered to say 4-1 lending and IPO'ing them .