?

Log in

No account? Create an account
avril 2019   01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
* - galaxy

time to jump off buildings

Posted on 2008.09.29 at 17:51
well - it didn't pass!  what a lot of strange noise.  i could talk forever about it but i am heading out so i can breath.

but for now - here are a few things we need in the GOOD EESE next time...


- repeal the new bankruptsy laws - they are greatly responsible for the whole thing

- put a .5% STET tax on every securities trade - that will bring in $300 billion a year and also stabalise wide market swings
How Wall Street Can Bail Itself Out Without Destroying The Dollar ...

- same for making trades completely visible to the public

- eliminate NAKED short-selling by enforcing existing regulations

- put a moratorium on foreclosures and establish an agency to help rewrite mortgages at a fixed rate over 30 years each

- NATIONALISE THE NY FEDERAL RESERVE BANK WHICH IS BASICALLY THE SAME THING AS GOLDMAN-SACHS

- do NOT reward BORROWERS as this bill would have done but LENDERS of credit!

- create a national energy & oil company

- put a limit on all golden parachutes

- put massive investments into infrastructure and green energy

- increase the minimum wage!  duh!

NEW:

- limit to TWO the number of times a loan/security can be leveraged, limiting total leverageability, (e.g., 1-10)

- disallow corporate board members from belonging to the boards of OTHER corporations - (oh i wish)

- increase FICA-insured bank deposits to: $200,000 personal; $400,000 small business; $500,000 personal IRA.

- outlaw the ability of banks to lobby congress and other candidates of government!

- do not reward INVESTMENT BANKS or operations (BORROWERS), but DO reward, OR NATIONALISE, banks (LENDERS) (until those banks are fit enough to sell again in the market)

- OVERSIGHT: a constitutional ammendment is necessary to allow crucial congressional oversight of such an act of the executive branch.

- address the flight of illegal aliens which contributed to housing foreclosures

- instead of bailing out toxic assets, simply insure new bank extensions of credit to the public.  for example: $5,000+ loan per student towards college attendance; $5,000+ loan per household towards green energy home improvement; $5,000+ loan to any person on social security towards any venture; $10,000 per small business for capital improvements, inventory, or green energy.  these loans would be at 1% interest over 15 years - and if they are defaulted on, then the gov't would cover them.  this would bring in a rush of bottom-up investment, and a new source of HEALTHY bundled securities!

- rationalise bundling!

- repeal the Gramm-Leach-Bliley Financial Modernization Act of 1999 -
Glass-Steagall Act - Wikipedia, the free encyclopedia

- place moderate tariffs on products from "our" corporations which have moved overseas.

- end the tax-free behaviours of current US corporations, as in buy-lease tax shelters, and other loopholes; and illegalise business with tax-hevened corporations such as those in the virgin islands.


Comments:


where hypotheses come to die
madman101 at 2008-10-01 23:43 (UTC) (Lien)
comment
Previous Entry  Next Entry