Like many Americans I am mad, but I totally agree that Government will have to do something to clean up this mess. But I want
- Take all the greedy American Corporations CEO big payouts during boom years including the Treasury Secretary Paulson’s
- I am not accountant but there should be change in some accounting, so this profit doesn’t show up till it profit is materialized
- Take ownership in the firm
- Any securities should be bought for pennies like private equities firms would pay, may be little more so taxpayer has good probability of getting money back or more.If I am not mistaken Fed Chairman Mr. Ben Bernanke wants to pay face value of bonds — why don’t he hands out the $700 billion as a charity to big corporation.
- I like the idea of free up the 401k/457 plans money so people can buy the home. I would buy home if this happens.
Whatever happens this event is really embarrassing for us, and I hope everyone learn the lesson from this event.