Responsible bail out

iVillage Member
Registered: 08-13-2008
Responsible bail out
272
Wed, 11-19-2008 - 9:05pm

I am for the bail out. I've supported the overall idea since it was first proposed. What is distressing is how we are apparently totally bungling the power granted to this administration.


My bad. I should have known they could not even get this right.


On the way home tonight, NPR's Marketplace ran a story on how executives are being paid bonuses, and that companies are paying dividends - out of this funding. Few are doing anything remotely close to lending.


Barney Frank was right to be outraged at the lack of assistance for homeowners, and the continued reluctance of the administration to assist homeowners.


And today comes word of deflation, a huge, huge red flag that screams the 'd' word. Folks, we are on the cusp of 1930, and our leaders, given latitude they did not have in 1930, are f'ing it up.


I am no expert on this, but the way they explained this tonight, deflation can spiral downward, last occuring way back in the 1930s.


There is 450 billion left. How do we use this intelligently? First thing that has to happen is mandate no bonuses and no dividends to any company receiving funds. Mandate they must lend, and we will gurantee mortgages they renegotiate to better terms for the homeowner, allowing them to stay, with a certain acceptable parameters. Set quotas on how many mortgages they must underwrite a day, how many auto loans, etc. Publicise acceptability criteria, so people know before going in whether they qualify.


If there are one too many automakers in Detroit, don't close one, set it to a different task - any ideas out there on how we could divert them to something that helps us face other issues? America has to build things again... what can we get them to build? Financing isn't the problem, the money will be there - any ideas?

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iVillage Member
Registered: 11-20-2008
Sat, 11-22-2008 - 12:32am

"It is horrible motivation. Fear only works short term; after that you will be at war with your employees, and vice versa."


Actually laziness, boredom and apathy have proven to be bigger problems for our society than fear.

iVillage Member
Registered: 11-20-2008
Sat, 11-22-2008 - 12:40am

That has already been covered in this discussion.

iVillage Member
Registered: 11-20-2008
Sat, 11-22-2008 - 12:52am

"You have been reading one to many propaganda pamphlets. Some companies offered bennies to attract workers, but by and large there was a huge struggle in this nation, where a whole lot of people died on the job, lost limbs, etc. Hell, my grandmother worked

iVillage Member
Registered: 11-20-2008
Sat, 11-22-2008 - 12:58am

"This state is not right to work, never will be"


Then let's put what I've said to the test shall we?

iVillage Member
Registered: 03-25-2007
Sat, 11-22-2008 - 1:06am
Smoke and mirrors.

Sopal

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iVillage Member
Registered: 11-19-2008
Sat, 11-22-2008 - 1:13am
Especially the greeters at Wal-Mart. ; )
iVillage Member
Registered: 11-20-2008
Sat, 11-22-2008 - 1:17am

"Sorry, but social security is not an investment programme - never was...Not what the intent of the programme is. "


iVillage Member
Registered: 11-20-2008
Sat, 11-22-2008 - 1:23am

"So do you carry an ill view of our military? "


In what sense?

iVillage Member
Registered: 03-25-2007
Sat, 11-22-2008 - 1:32am

What you have posted

Sopal

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iVillage Member
Registered: 11-20-2008
Sat, 11-22-2008 - 1:38am

"Smoke and mirrors.

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