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: 11-19-2008
Mon, 11-24-2008 - 2:19am
Well done.
iVillage Member
Registered: 11-19-2008
Mon, 11-24-2008 - 2:21am
Analysts vs Editor = Analysts win.
iVillage Member
Registered: 11-19-2008
Mon, 11-24-2008 - 2:27am
I understand that the automakers are adjusting salaried and benefits with new workers, but phasing in that new strategy could take decades...and unfortunately, it doesn't look like they have decades to play with. Besides reputation, which can't be changed overnight, in my personal opinion, the foreign models have a certain "style" that I find more appealing (even though I own a Ford). Again, personally, I think that new management and come fresh designers might give the "Big Three" a kick start...but that's just my own opinion.
iVillage Member
Registered: 11-19-2008
Mon, 11-24-2008 - 2:28am
LOL!
iVillage Member
Registered: 11-22-2008
Mon, 11-24-2008 - 2:54am

You keep posting the same story that never addresses the issue/topic.

iVillage Member
Registered: 11-20-2008
Mon, 11-24-2008 - 5:40am
idem
.
.
iVillage Member
Registered: 06-20-2005
Mon, 11-24-2008 - 8:32am

"Their min. bonus is more than $5,000 annually."


Definitely

iVillage Member
Registered: 06-20-2005
Mon, 11-24-2008 - 9:39am

"The numbers speak for themselves.

iVillage Member
Registered: 06-20-2005
Mon, 11-24-2008 - 10:03am

<<<

iVillage Member
Registered: 03-30-2007
Mon, 11-24-2008 - 11:03am
You are exactly right.

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