3. PBGC (guarantee/backstop for retirees and their money)
4. Money-market accounts under the FDIC like they have already done.
5. A fund that will help the insurance companies pay out regular property and casualty claims to citizens.
I think the large financial institutions can be taken over completely, with all existing and future potential profits staying with the govt (wind-down, and do NOT spin-off into the private market when it’s profitable again).
And the most important thing of all is to investigate all the regulators, ratings agencies, and executives/directors of the large financial institutions, politicians and others who enabled and encouraged this to happen in the first place. The Federal Reserve should be at the top of that list. ALL of their assets should be seized (overseas accounts, accounts held in family/friends names, homes, cars, yachts…EVERYTHING) to pay for all the damage they’ve done. This should be done BEFORE a single cent of taxpayers’ money is used.
Why do we hear about all the investigations into short selling when the real criminals are right under their nose (those who pushed the credit market to expand like it did).
[quote=qwerty007]
Perhaps, except there’s pretty much a consensus amongst “those who know” that to do nothing is the worse of the two options.
[/quote]
Well. If they are going to spend taxpayers’ money, we sure have the rights to know why it is the case. Most of us here at piggington are responsible adults. It is the FED, the treasury, and the government that has been irresponsible financially. Don’t tell us that “those who know” can protect us. They know shit about financial responsibility.
[quote=qwerty007]
Perhaps, except there’s pretty much a consensus amongst “those who know” that to do nothing is the worse of the two options.
[/quote]
Well. If they are going to spend taxpayers’ money, we sure have the rights to know why it is the case. Most of us here at piggington are responsible adults. It is the FED, the treasury, and the government that has been irresponsible financially. Don’t tell us that “those who know” can protect us. They know shit about financial responsibility.
[quote=qwerty007]
Perhaps, except there’s pretty much a consensus amongst “those who know” that to do nothing is the worse of the two options.
[/quote]
Well. If they are going to spend taxpayers’ money, we sure have the rights to know why it is the case. Most of us here at piggington are responsible adults. It is the FED, the treasury, and the government that has been irresponsible financially. Don’t tell us that “those who know” can protect us. They know shit about financial responsibility.
[quote=qwerty007]
Perhaps, except there’s pretty much a consensus amongst “those who know” that to do nothing is the worse of the two options.
[/quote]
Well. If they are going to spend taxpayers’ money, we sure have the rights to know why it is the case. Most of us here at piggington are responsible adults. It is the FED, the treasury, and the government that has been irresponsible financially. Don’t tell us that “those who know” can protect us. They know shit about financial responsibility.
