This will be quick. First, I want to know how I can get part of the $700,000,000,000 line of credit that Ben and Henry get to spend. I do not need much; but I might as well bail-out as well. Second, the Congress must require that investment “products” have a clear line of sight to something real. If a bank is selling off mortgages, they should be required to sell the note to an investor who can find out the specifics – the address of the property, the name of the borrower, the payment history. Wall Street power brokers should be outlawed from creating new investment products that have no basis in a real commodity, piece of equipment or property. If Congress is going to bail-out the ruling class they should also throw them out of the command center. Too many people make too much money trading things that they never plan to own, improve, manage, deliver, store or distribute. The 2008 rescue package needs to haul the brokerage industry out of peril and then take their keys for good.
I see little chance of this happening because “The Man” likes to stay in power…
