My Brother's BAILOUT plan... pick it apart

[Rosco T.]

We were talking earlier and he came up with this one.. someone tell me where the problem is?

- Forget giving anything to the banks/etc DIRECTLY.

- set up offices around the country, EACH AND EVER CITIZEN IS URGED TO COME IN
with their debts (house, car, student loans, credit cards, etc..)

- the GOVERNMENT will make payment DIRECTLY to the companies that own the account
up $100,000 for each DEBTOR (no, YOU can't pay off YOUR WIFE's DEBT unless your
name is on it.)

- no extras, no cash in hand, they are paying YOUR DEBT to the companies.

let's see, your debt is reduced/eliminated, the companies that need the money GET THE MONEY.

Where's the downside?

((don't yack about people charging things up again, you can't fix stupid))

[leftofcool]

1. Let's see, the government pays "your" debt

and yet, because there was no Wall Street bail out, I have lost all my retirement, all pension funds and everything in my 401K which is all I hadfor retirement but now everything is gone and you still want my tax money to go to pay off your debts? Did I get this right?

[barbtries]

2. the CEO's

won't get theirs?

i like it. of course it will never fly in this world of relentless remorseless greed.

[ddeclue]

3. Exactly what I said...let it trickle UP this time! n/t

[AnOhioan]

4. Works for me....

and to the poster who mentioned his stock assets....if the companies are getting their money one way or the other, it still saves the market. This way, we help those in need though.