The Bailout or Rescue

A short note on how to save our nation’s financial network and economy. Forget the seven hundred billion dollars ($700,000,000,000.00). The population of America is three hundred four million (304,000,000). I suggest everyone receive one million dollars ($1,000,000.00) this equals three hundred four million dollars ($304,000,000.00). Why not if we’re entertaining the thought of socialism for fat cats, why not us. I’ll guarantee you that the economy will sore and the financial network along with Wall Street will be fine. This would save the tax payers six hundred ninety nine billion six hundred ninety six million dollars
($699,696,000,000.00).

The banks are holding this nation hostage unless they get what they want. They want the Government to buy the worthless paper they hold or they’ll stop doing business. Has the government been in the urban area lately? If they let these houses sit without upkeep, tax payers will lose because these houses will have to be destroyed and many need to be already. Nobody is going to move in those areas again unless they’re leveled.

I’ve said before that something had to be done drastic and now, well see the above, it’s cost effective, drastic, can be done now and will be a guaranteed success without question. This sounds silly doesn’t it, and so does $700,000,000,000.00 with a less than 50/50 chance return on investment for me but a 100% return on investment for fat cats. It’s I don’t know when for me but now for the fat cats. It’s you can loose for me but win, win for fat cats. I might even be able to keep my retirement if they get the money, but they keep money, jobs, cars, boats, homes, and company perks.

Let the predators fail like any other business that ignores good business practices and watch new transparent but regulated finance / investment firms stem from those failures and flourish. Those investment firms are not monopolies. Set up a bureau to help transfer rather than bail out to firms willing to be transparent now until new laws are made. Keep the government roll in this to help the victims not the predators. Investigate firms who made bad loans for greed and exploited the poor and ignorant. We understand we’ve got to help the poor and underprivileged but not exploit them with certain failure; fat cats should be responsible for their practices and bad loans should be restructured so people can keep their homes.

Gaidi