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3 Things America Needs to Do to Get the Economy Back on Track

Sorry correct version:
This bailout plan is writing a blank check to people who have shown their incompetence at banking and who have encouraged mad credit policies. This plan is like entrusting to fix the chicken pen to the fox.
There are alternatives which would help individuals and corporations but not the flawed banks which should be liquidated and sold to banks that are well managed. Listen to Congressman Peter DeFazio for instance.

3 Things America Needs to Do to Get the Economy Back on Track

This bailout plan is writing a blank check to people who have shown their incompetence at banking and who have encouraged mad credit policies. This plan is like entrusting to fix the chicken pen to the fox.
There are alternatives which would help individual and corporations but not the flawed banks which should be liquidated and sold to banks that are well managed. Listen to Congressman Peter DeFazio's for instance.

3 Things America Needs to Do to Get the Economy Back on Track

To alwaysalady:
A strong purge, yes, that might be the cure.

3 Things America Needs to Do to Get the Economy Back on Track

Interesting diagnosis and prescription. But too late. Too many viruses have weakened the body. The patient is extremely sick (look at obesity; do you think the Vikings or the pioneers were obese?) and disoriented. It won't recover before a vey long time, if it does.

Bailouts: Misunderstanding the Moral Hazard

Exactly right just above. It fits with what I have already written here:
Instead of funding the losses of incompetent or corrupt bankers why not let them go bankrupt? Creditor financial firms of a bankrupt financial firm would get repaid of what would be left after non-financial creditors have been repaid. Financial firms should know better than others where to put their funds. In the event non-financial creditors are not repaid for their full deposits after using all available guaranties, a federal fund would finance the difference through a long term loan. Surviving financial firms would also get help from this fund. The obese US financial system would be at long last trimmed to service, not itself, but the producers and the consumers.

Where's the Bottom? Still Anybody's Guess

To the poet above: why don't you go and sing in front of the inept people of DC instead of squatting space meant for useful discussion here?

Where's the Bottom? Still Anybody's Guess

Unpegging money creation from a tangible thing like gold, unleashed all the greed of the financiers and such quacks who are incapable of producing even a nail!

The Greatest Short Sale in History

Instead of funding the losses of incompetent or corrupt bankers why not let them go bankrupt. Creditor financial firms of a bankrupt bank would get repaid of what would be left after non-financial creditors have been repaid. Financial firms (banks etc...) should know better than others where to put their funds. In the event non-financial creditors are not repaid for their full deposits after using all available guaranties, a federal fund would finance the difference through a long term loan. Surviving financial firms would also get help from this fund. The obese US financial system would be at long last trimmed to service, not itself, but the producers and the consumers