schminkie

How to Spend $700B and Actually Solve the Problem

paulson/bernanke characterize solutions using a specious strawman argument to manipulate debate and to narrow 'choices' to theirs or theirs. there are other choices. 'we the people' are characterized by the whole gov't. and media as helpless victims. 'we're helpless please fix it daddy [washington and wall st.] we're scared. only you experts can save america.'

one thing we do know for certain. neither the gov't nor the conventional wisdom of wall st. can save us. they cannot even save themselves. maybe we'd better go another way. subsidizing them is like rearranging the deck chairs on the titanic.

it is rare that the gov't. is so willing and even eager to spend huge amounts of money. perhaps that money, our money, would be better spent as capital investment in america. fyi: america includes wall st. wall st. fails to include america.

stop throwing our money down the rabbit hole. let free market capitalism work. put that capital to work building industry and jobs, reviving the bank industry and increasing the resultant tax base.

How to Spend $700B and Actually Solve the Problem

paulson/bernanke characterize solutions using a specious strawman argument to manipulate debate and to narrow 'choices' to theirs or theirs. there are other choices. 'we the people' are characterized by the whole gov't. and media as helpless victims. 'we're helpless please fix it daddy [washington and wall st.] we're scared. only you experts can save america.'

one thing we do know for certain. neither the gov't nor the conventional wisdom of wall st. can save us. they cannot even save themselves. maybe we'd better go another way. subsidizing them is like rearranging the deck chairs on the titanic.

it is rare that the gov't. is so willing and even eager to spend huge amounts of money. perhaps that money, our money, would be better spent as capital investment in america. fyi: america includes wall st. wall st. fails to include america.

stop throwing our money down the rabbit hole. let free market capitalism work. put that capital to work building industry and jobs, reviving the bank industry and increasing the resultant tax base.


. , etc. not cash being dumped into the rabbit hole of wall st. finance and its fellow-travelers.


all this serves to steamroll the paul and bernie plan which may not work and which may cost well over 700,000,000.00.

if the gov't is of a mind to spend let's put money to work for the people not for wall st.'s failures. make room for better finance houses etc.

rather than some form of gov't guarantees on toxic paper have gov't guaranteed loans; capital. revive in who have driven themselves to bankruptcy ; put people to work, build and repair infrastructure, reactivate industry, the service industries will grow, the tax base will grow, let the capitalist free market do its darwinian winnowingthe greed and incompetence of wall st. would be replaced in darwinian fashionand give a a leg up on acttually send rfps out for necessary work on infrastructure. what results is an economic stimulus in private sector: industry, finance and services. i'm too tired to

Down With Rating Agencies! Plus, Lehman for Laymen

any relief from sipc in this mess. i guess short merrill is the next move. does gold go up in a depression? i'd think so.

Down With Rating Agencies! Plus, Lehman for Laymen

if they sell leh off in pieces what becomes of my shares of leh common stock and my leh bond?? if parts are worth more than the whole which part if any would be attached to shares.

leh is about 79% institutionally owned. think those guys will be pissed if they lose 100%??