Mr.G

My Plan to Save the World

"but none come to mind at the moment other than perhaps forming a government agency to monitor and restrict commentary that is critical of the current financial system and all previous efforts to resuscitate it.-"

yes I agree all those who actually think outside the box or actually feel impoverished because of the current situation must be muzzeled -lets round them all up and ship them to a camp in a desolate corner of the country for re-education

5. Fix the Banking System. Buy, buy buy. Whatever it takes. Establish government agencies to write a dozen blank checks to every single bank in the world and then make sure the checks clear. Blank checks in excess of the original dozen should be handled on a case-by-case basis. The loss of confidence in the world's banks must be stopped immediately before people lose confidence in the world's governments and fiat currencies.
-this is being done incrementally and anyone who talks of inflation(or the invisible tax) or backing the dollar with gold or any assets for that matter should be sent to the camps as well-
6. Eliminate Mark to Market. Increased capital requirements driven by rapidly changing market values for "hard-to-value" financial instruments have been a major cause of financial market distress in recent months. Eliminate this onerous task and allow financial institutions to value these assets as they see fit. Form a government agency to ensure that valuations do not exceed "reasonable" levels.

yes real information is dangerous and must not be allowed to escape from a handful of cfos around the world - I would allow one tv channel one newspaper and one monthly magazine to handle all misinformation which would all be under the control of one company - also I would shut down the internet -ideas which dont conform to the norm must be shut down anyone caught giving an opinion other than the companies must be made to disappear

ban all short selling - yes stock prices must always rise there is no reason for a downside because they always come back up again anyway

as for renegotiating mortgages banks should have done it a year and a half ago on their own if they didnt want the collateral(houses) on their books or cause cdo's to be worthless they should of had just a little foresight -and they can still do it today . Why do they need the govt to tell them to do it -at this point if I was the bank I would be calling former homeowners to come back to their houses at interest rates they could afford or with extended year mortgages 50 yr instead of 30 - to lower payments -

Tim I just dont see it the way you do on this . These ideas go against everything I was taught in school of what america stands for