How about this bailout idea?
Let's seize the assets of all the CEO's, presidents, vice-presidents, board members, ...whoever ... of these businesses like Fannie Mae, Freddie Mac, Lehman Bros.... - the government can take all of their personal houses, condos, vacation homes, properties, cars, watches, jewelry, 401Ks, investments, art, bank accounts, baseball card collections... anything of value - it will add up to hundreds of millions... if not billions - just for being so stupid about sub-prime lending. Seriously, I am a nobody in the financial game and I saw the writing on the wall at least 5 years ago - why is anyone surprised! AND why do you and I, the American public have to pay for this bail out? - and you know it will fall on the back of the middle class and those who can afford the lawyers will find a way to get out of it. What say ye? Shall we seize their assets? aorton - how is that punishing the stupid people who should have been the smart people wow Grant - see that makes you part of the problem - you don't want to make those responsible for the problem ... responsible for the problem - you want to politicize the issue when it is really an issue of greed. Why stop at Bush - lets take it back to Whitewater... Grant - I checked out your link - you numbskull - I am not paying for the Bush's ranch and neither are you! What a dope!
Asked By: byebye - 9/19/2008
Best Answer - Chosen by Asker
Confiscating everything these CEOs have is fitting punishment BUT it will hardly fix the problem. Their paultry billions of dollars will not save the millions of investors and their property... More
Answered By: Kojak - 9/19/2008
Additional Answers (4)
Yea baby, eat the rich!
Answered By: ethikally - 9/19/2008
I would rather see them to reduce all home mortgages by $50,000 or better yet... reduce the mortage the amount lost by the houses price crash. Don't give the home owners the cash because they are retarded with their money but go directly to the bond..
Answered By: aorton27 - 9/19/2008
Well, the next crop of business leaders will realise they are exposed to risk and that would make them more cautious. I would only support it if you started at the place where the buck stops. Put the ranch in Crawford up for auction first.
Answered By: Grant M - 9/19/2008
I like your idea... I also like the idea of no bailout at all- because I have no investments/no retirement/no money so I don't really have much to lose. I say just let things take their course and stop with the goverment bailouts...
Answered By: John H - 9/19/2008
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