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?

Full length fiction: http://llhaesa.org/ (pronounced la.hay.ess.sa)



Full length fiction: worlds undone

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iVillage Member
Registered: 01-28-2004
Sat, 11-22-2008 - 11:52am
iVillage Member
Registered: 01-05-2008
Sat, 11-22-2008 - 12:02pm
Sorry but they didn't just rent a private jet but they own a fleet of luxury jets.

 

 

Guild Member since 2009

iVillage Member
Registered: 03-25-2007
Sat, 11-22-2008 - 12:54pm
Seriously...when you linked to the other board, I couldn't figure out what the point was.

Sopal

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iVillage Member
Registered: 11-19-2008
Sat, 11-22-2008 - 1:32pm
I'm not interested in renting a pvt. jet.
iVillage Member
Registered: 11-14-2008
Sat, 11-22-2008 - 4:32pm
If you feel bad for the bank CEOS and auto industry executives, then send them some money yourself.
iVillage Member
Registered: 01-28-2004
Sat, 11-22-2008 - 4:43pm
I wrote my senator to be prudent with the money I sent him. Did you?
iVillage Member
Registered: 08-13-2008
Sat, 11-22-2008 - 6:30pm
Nope, and Pelosi is speaker. I don't see the veep flying coach, either. She is next in line. Naturally, you never complained about this until the House flipped to Democratic leadership two years ago, right?

Full length fiction: worlds undone

"You have no power over my body..." ~ Anne Hutchinson

iVillage Member
Registered: 08-13-2008
Sat, 11-22-2008 - 6:32pm

Reagan did far more damage than Carter. Far more. Not sure how old you are, but...


when Reagan ran in 1980, one of his biggest criticisms of Carter was his 47 billion deficit.


Go look up the Reagan deficits.

Full length fiction: http://llhaesa.org/ (pronounced la.hay.ess.sa)



Full length fiction: worlds undone

"You have no power over my body..." ~ Anne Hutchinson

iVillage Member
Registered: 04-24-2008
Sat, 11-22-2008 - 6:37pm

Do you mean social welfare programs?


And....no, it wouldn't.

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