Public Opinion: Biggest Bailout Ever?
The United States government is working on what could turn out to be the biggest bailout in U.S. history in an attempt to stem the financial crisis. The plan would involve the government buying hundreds of millions of dollars of bad loans from banks. How should the government handle the financial crisis? Post your thoughts below.
Previously: How much worse will the Wall Street crisis get?
Reader Comments
Jump start economy & Bail Out Program
The toxic waste purchase by govt...is essential to long term goals of fiancial crisis...from the aspect, no monetary policy or regualtor license finance firm, like banks, can operate under the past expansion of fiat wealth program designed in 1935 to present time.
This fiat wealth based on credit value, not hard asset value, plus expanded paper securities without asset backing..like mortgage industry...and wall street paper hanger's just creating fiat wealth on false value of assets. Now the economey and govt. bail out is back to reality of hard asset value, true stock value to asset revenue value, commodities like oil back to actual oil production cost...no 100-wall street brokers re-saling to other fiat paper brokers driving up the value of oil prior to end-user receving its true worth, instead of fiat worth..All of the toxic paper has to be removed from banking institutions, mortgage firms, lenders, insurance companies, and then the bail out money on deposit can start under the monetary police of 21st centure..not 1935 fiat industral system...Once this toxic paper is removed by govt...Which should be purchase like 10% on its face value..allowing all of the lenders or holders in due course to right off 90% over the next five years off their earnings tax deduction....ON the mortgage front..to solve this problem,,,govt. needs to purchase all of foreclosure homes across the U.S buy all of existing mortgages from lenders or banks, at 30% their value..and allow the lenders, or banks to right off 70% of their lost loan ration over the next five years...which loan purchse by the govt...should include any pending forclosures...and enact law to stop all foreclosure for period of two years....Now, how do you handle all of this mortgage if the govt. was to follow this program...Easy...govt. mortgage arm..Fannie & Mac...just create 99-year lease option on all foreclosure homes in country...adjust the monthly least payment to represent 5.5% of equity value of home..with option to purchase the home at set value over first three years, and option to purchase again over the next five years...otherwise just least the home out and generate income...and raise the rate every three years ....same thing on mortgages and bad mortgage loans...just re-issue loan on 99-year lease with owner of homes...by not only lowering their monthly payments, but lowering their fiat dollar value of their homes to actual dollar asset value of the home according to real market prices....This will jump start the economy...and clean up the banking and wall street problems..of course you need guidelines and regulator issues in place to stop fiat greed boy's of wall street and banks to start their same game once again...Otherwise this is nothing more than adjustment or rollover from industrical fiat dollar wealth system, to govt. high technology 21st, centure new montary policy destroy the old wealth to jump start the new...consolidation of elite worldwide monetary policies and control
taxing bonuses are you crazy
Haven't you ever heard of tendering under the Constitution //// where the Government specificallly targets a group or company or the People to confiscate or tax their wealth or holdings like England confiscated our founding fathers wealth under the tendering law...This is a law an Englis tendering and creating a means to take the wealth from the people..... Only people who goes for this and fights for this avenue have no money anyway and are resentfull of anyone who has it.... so what do these people fighting for these bonuses to be taxed out will only give the Government permission to take anyones wealth...... Is this what America is coming to Socialized robotic thinkers .... for a common cause....The have nots want what???????? if every one has nothing.....The real problem is that people use their emotion instead of their intellect.....And will run to the creators of this illusion..... Be very carefulll not to give your energy away..make smart choices on the freedom and liberty and Jusice for all.... and be a creative nation not be created..disfunctional...The Gov. messed up and gave the bank the money and the brokers got paid...on a bad deal and you bail them out they get paid..... This is a set up........Wake up America....why doyou thinkSen. Dodd changedthe wording ... What commitee does he represent.. The Banking Comm. Who was his biggest donner A.I. G. Payback is a *****.
Bail Out and Government Cuts
During the Bush Administration, Senior Citizens, the Middle Class and poor folks took the brunt expense of the war. The debt that the U.S. has now incurred, is pitiful. The very one's that paid for this country and worked honestly for this country, were once again betrayed. Stay home and take care of your own people. We are the loyal people. Clean our country out and get rid of illegal immigrants. That price hike on oil, well Bush, guess that paid for your $2,000,000 home. Shame on you for robbing from your very own country.
Why should we be helping these big companies who mis-used their powers and spending. Now, we are going to bail them out some more? I am confused. They are losers robbing the American people. Why should we pay for them?
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