A *REAL* bailout plan

[bean fidhleir]

1. Big investors, except for working-class pension plans and similar, get nothing.

2. Mom-and-pop investors (the "little" people) get reimbursed from the personal assets of corporate officers.

3. Working-class pension plans and similar get reimbursed first from personal assets of corporate officers, then from public monies.

4. The insolvent companies are either evaporated or transformed into credit unions (1 person = 1 share = 1 vote) with every taxpayer getting a share.


What do you think? Should we bombard congress with THIS plan?

[MercutioATC]

1. Vague as it is, I think your plan might be more detailed than Paulson's plan.

Of course, you lack language preventing any legislative review or control of your actions...

[liberalmuse]

2. It's certainly better than Paulson's.

I think he's way overstepping his bounds.

[azul]

3. It's an emergency "meltdown". Shock therapy required.

They can pretend to save the little guy while really making the big dudes wealthier and leaving him with the bill. But it must be done real quickly, and behind closed doors.