Is Nationalization Better Than a Bailout?

JUST ADDING TO THAT MATH, AND THE 'EFFECT'.

A household/single = $2,295, and that's probably the equivalent of one month's expenses (with maybe $300 left over to 'spend' outside of their regular payments.

A household/married - just shy of $4600. This means if their one month's expenses are $2600, they've got $2,000 and will probably go out and buy a new HD-television; make a household purchase such as a new dining set or sofa. They might also use the money for the holiday season, or take a trip to get away for a few days.

While this would be a nice little 'boost', it's not going to RESCUE a single person from any financial mess they might be in.

Heck, they out to set up a 'Poor-Folks Wall-Street' - take all the bad assets; the questionable ones as well, and let every American BUY stock so they have equity in the 'crappy stuff' that the wealthy class want no part of. It's nothing more than 'penny stock' - don't require a broker; have no one be the middle-man, just 'buy direct' (using the I-net to make purchases would be a great feature and make it efficient as well).

I know I'd make a purchase, and I'm on fixed income/66 years of age. They might very well be pleasantly surprised to see that we old farts would cash in a couple CD's and treat this like a garage sale.

Way too many people are left out of the opportunity to make a stock purchase on Wall Street because too many don't understand all that much about how to get involved; few trust any broker, and hate paying brokerage fees. The nomenclature is confusing, but if we know we're already buy 'garbage', and believe we can turn it into something that makes a few dollars (none of us would be trying to become millionaires in short order), then I bet thousands/millions would venture out.

Diane of NV @ Sep 30, 2008 16:40:39 PM