Instead of the Bank Bail Outs would it not have been smarter to do this?

BAD KITTY, BACK IN THAT BOX

whilst Obama tries to con the persons via cooked up numbers to make his case and the Congressional funds place of work shows the actual numbers, that's fairly frightening the point of spending Obama and his Demobots have become away with. As a % of GDP the spending ranks impressive up there with Zimbabwe and different excellent economies. "Federal outlays will bounce in economic 2009 to $4 trillion, or 27.7% of GDP, from $3 trillion or 21% of GDP in 2008, and 20% in 2007. it is bigger as a proportion of the monetary device than any 3 hundred and sixty 5 days considering the fact that 1945, whilst the rustic become nevertheless mobilized for international conflict II. that's greater spending via a techniques than throughout the time of the Vietnam conflict, or throughout the time of the recessions of 1974-seventy 5 or 1981-eighty two."

And what would become of the 401K and pension money that other investment firms had invested in the banks securities?

Gone?

That would put a lot of elderly people out on the street looking for work. And prevent a lot of boomers from ever retiring.

No. Then we'd permanently own that bank. This way, once we get them functional, they buy us out (for profit to the government), and run themselves, but under a system of sane regulations.

Why don't we see if what they're doing works? If it does, problem solved.

My sources suggest what they're doing can work.

BLAME IT ON WHOEVER YOU WANT, BUT HERE IS THE TRUE STORY

A very quick and concise read that explains who is responsible for what goes on in this country.

545 vs 300,000,000

EVERY CITIZEN NEEDS TO READ THIS AND THINK ABOUT WHAT IS SAID IN THIS MESSAGE. READ IT AND THEN REALLY THINK ABOUT OUR CURRENT POLITICAL DEBACLE.

545 PEOPLE

Politicians are the only people in the world who create problems and then campaign against them.

Have you ever wondered, if both the Democrats and the Republicans are against deficits, WHY do we have deficits?

Have you ever wondered, if all the politicians are against inflation and high taxes, WHY do we have inflation and high taxes?

You and I don't propose a federal budget. The president does.

You and I don't have the Constitutional authority to vote on appropriations. The House of Representatives does.

You and I don't write the tax code, Congress does.

You and I don't set fiscal policy, Congress does.

You and I don't control monetary policy, the Federal Reserve Bank does.

One hundred senators, 435 congressmen, one president, and nine Supreme Court justices 545 human beings out of the 300 million are directly, legally, morally, and individually responsible for the domestic problems that plague this country.

I excluded the members of the Federal Reserve Board because that problem was created by the Congress. In 1913, Congress delegated its Constitutional duty to provide a sound currency to a federally chartered, but private, central bank.

I excluded all the special interests and lobbyists for a sound reason. They have no legal authority. They have no ability to coerce a senator, a congressman, or a president to do one cotton-picking thing. I don't care if they offer a politician $1 million dollars in cash. The politician has the power to accept or reject it. No matter what the lobbyist promises, it is the legislator's responsibility to determine how he votes.

Those 545 human beings spend much of their energy convincing you that what they did is not their fault. They cooperate in this common con regardless of party.

What separates a politician from a normal human being is an excessive amount of gall. No normal human being would have the gall of a Speaker, who stood up and criticized the President for creating deficits. The president can only propose a budget. He cannot force the Congress to accept it.

The Constitution, which is the supreme law of the land, gives sole responsibility to the House of Representatives for originating and approving appropriations and taxes. Who is the speaker of the House? Nancy Pelosi. She is the leader of the majority party. She and fellow House members, not the president, can approve any budget they want. If the president vetoes it, they can pass it over his veto if they agree to.

It seems inconceivable to me that a nation of 300 million can not replace 545 people who stand convicted -- by present facts -- of incompetence and irresponsibility. I can't think of a single domestic problem that is not traceable directly to those 545 people. When you fully grasp the plain truth that 545 people exercise the power of the federal government, then it must follow that what exists is what they want to exist.

If the tax code is unfair, it's because they want it unfair.

If the budget is in the red, it's because they want it in the red.

If the Army & Marines are in IRAQ, it's because they want them in IRAQ!

If they do not receive social security but are on an elite retirement plan not available to the people, it's because they want it that way.

There are no insoluble government problems.

Do not let these 545 people shift the blame to bureaucrats, whom they hire and whose jobs they can abolish; to lobbyists, whose gifts and advice they can reject; to regulators, to whom they give the power to regulate and from whom they can take this power. Above all, do not let them con you into the belief that there exists disembodied mystical forces like "the economy," "inflation," or "politics" that prevent them from doing what they take an oath to do.

Those 545 people, and they alone, are responsible.

They and they alone, have the power.

They and they alone, should be held accountable by the people who are their bosses.

Provided the voters have the gumption to manage their own employees.

We should vote all of them out of office and clean up their mess!

WE VOTED THEM INTO OFFICE, WE CAN VOTE THEM OUT OF OFFICE!

Be responsible, take the blame for who you voted into office, and next time pay attention to the bills members of Congress vote on!

The stimulus package had way more pork than media let on, and the darn bill was written by DEMOCRATS!

I would think it would be ultimately cheaper to work within a bank that is already set up instead of going through the process of setting up your own bank.

The best thing would have been to pull the plug on the banks, especially on investment banks, and let FDIC handle individual savings accounts up to $100,000.

The fools must have been punished and parted with thier money, not rewarded for thier stupid actions. Screw GWB & Co !

I actually agree and thought about this alternative at the time. Bad business practices should result in negative feedback, not life-support.

It would have been cheaper to give the 134 million taxpayers in this country $15,000 each. That would have only cost them 2 trillion.

It would have been better to give each tax paying american $30 Grand

We have been in recessions before. The economy would have fixed itself without the insane bailout...