The MLS is a monopoly that has been closed to outside groups after massive lobbying (in english read BRIBES) by realtor groups. Some states have been banned non-full service real estate agents. Felony for broker/agents to rebate commissions.
I like this part of C.. The government has little business carving out a safe monopolistic niche for a corporation. It is actually supposed to do the opposite.
Close FDIC, Fannie, Freddie, etc. Get back to gold standard. Consumers can rely on smart/honest people at Moodys and S&P (or Weiss ratings) to help them avoid troubled firms.
FDIC, Fannie and Freddie have a purpose.. you don’t want to try to live without them.
Going back to the gold standard will not work. There is a way to arbitrage between a fiat currency and a gold standard currency with the intent of reducing a country’s gold reserves (suck the gold out of a country).
As for trusting the types like Moodys etc, just so long as there are real consequences to them (Moodys, S&P etc) misrepresenting for the purposes of gain (how about publicly flailing the CEO? Draw and Quarter the senior management?)
It seems like I differ on aspects for the Freddie and Fannie bailout. I see it simply: If public money is the lender of last resort (lender in posession) for Freddie and Fannie, the public owns Freddie and Fannie should they go bankrupt! Then all that has to happen is do the same thing that some turn-around firms (should) do, recapitalize Freddie and Fannie and sell off the shares of the ‘new’ company.. proceeds going to the public treasury.
On B:
The execs for Freddie and Fannie are not federal execs. Both of these entities are private. My simple plan is that as a penalty, the former execs of these companies are not allowed to run another company. They are to consider their golden parachute as the severance check.. Roadhouse style??
