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  • Wall Street Breakfast: Must-Know News [View article]
    BAILOUT PROPOSAL:
    [1] FED cannot receive any of the proceeds, which must be directed in total to Banks for their mortgages;
    [2] No government agency can administer/manage the Assets;
    [3] A Selection Committee of "say" Jack Welsh, Donald Trump, Warren Buffett, Steve Forbes and Bill Seidman will "select" 5-10 professional property management firms to handle the mortgaged properties.
    [4] Property mgm't contracts will be incented for maximum returns to the "taxpayers". Additional rewards will result from competitive standings of the actual returns from each firm;
    [5] SARBANES-OXLEY & FASB 157 should be suspended for 12 months to take current pressures off even more marked downs. STOP THE HEMMORRAGING!
    [6] Any fraud found during the asset procurement & sale cycle must be prosecuted. Greed which threatens America can no longer go unpunished!
    IMHO
    Sep 26 08:42 am |Rating: 0 0 |Link to Comment
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