My vote for QE3

[an]

[quote=sdrealtor]Ponies for everyone to solve our reliance on foreign oil.

Vermin Supreme for President![/quote]
I’d say, build 10 nuclear power plan in DC area and our foreign oil problem is solved. It’s also much cheaper than all of those green energy as well.

[scaredyclassic]

the federal pony identification program is also going to create jobs.

as to QE3, I’m up for anything massive and crazy, since my spare monies are all (losing money) in gold stock shares…

[moneymaker]

AN there may already be 10 nuclear plants there. The east coast has way more nuclear plants than the west coast, about 10 times more.

[an]

[quote=moneymaker]AN there may already be 10 nuclear plants there. The east coast has way more nuclear plants than the west coast, about 10 times more.[/quote]
I said build ten, not have ten. Actually, let’s go big and build one hundred.

[paramount]

Give me a break…as Roubini stated a few days ago the Perfect Economic Storm is forming and we are on a crash course!!

[no_such_reality]

Change the REO rules.

1. Banks, bank subsidiaries, and sub-components of a bank or financial institution is only allowed to hold REO properties for 60 days.

2. Banks and financial institutions must exercise their foreclosure option in a timely manner. Forecloure proceedings need to be started with 120 days of past due. Foreclosure process must be completed, unless brought current within 6 months of beginning the process or past due balance is forgiven.

3. Banks are not allowed to transfer REOs to a subsidiary and need to liquidate them in private market transactions.

The faster we liquidate the better. More debt is not the solution. And if the banks can’t survive, then they need to be out of business.

[CA renter]

Agree with NSR and spdrun.

[sdrealtor]

[quote=no_such_reality]Change the REO rules.

1. Banks, bank subsidiaries, and sub-components of a bank or financial institution is only allowed to hold REO properties for 60 days.

2. Banks and financial institutions must exercise their foreclosure option in a timely manner. Forecloure proceedings need to be started with 120 days of past due. Foreclosure process must be completed, unless brought current within 6 months of beginning the process or past due balance is forgiven.

3. Banks are not allowed to transfer REOs to a subsidiary and need to liquidate them in private market transactions.

The faster we liquidate the better. More debt is not the solution. And if the banks can’t survive, then they need to be out of business.[/quote]

This sounds like a hopeful fencesitters wishlist

[UCGal]

[quote=moneymaker]My decision would be simple repeal the 10% penalty for 401K withdrawals. What is your QE3 idea?[/quote]
Well – since pensions have gone the way of the dodo bird, and SS is on shaky ground… who’s going to pay for your retirement?

The money you’re “paying yourself back” with is money you’re *not* saving/investing/growing… it’s filling a hole you created in your retirement nest egg. In other words – you’d probably be putting less new contributions in, or saving less in taxable accounts, or investment accounts. Unless your salary magically went up by the payment amount.

I’m not so keen on letting people have unfettered access to their retirement funds early. I know too many people who would fritter it away on stupid stuff. Not enough people save properly for retirement in the first place.

[briansd1]

Get prepared for QE3:

WASHINGTON — A growing number of Federal Reserve officials have concluded that the central bank needs to expand its stimulus campaign unless the nation’s economy soon shows signs of improvement, including job growth.

[zk]

[quote=moneymaker]My vote for QE3[/quote]

(King Arthur) “You don’t vote for Queen.”

[moneymaker]

I know I don’t get to vote. It is really just a thought experiment, now if some genius in this group comes up with a good idea, then I think there is a chance the “powers that be” might stumble upon it. I don’t know that anything will make a difference in the long run, but I know how politicians always feel like they have to do something. P.S- My idea would just be a stroke of the pen. I’m definitely not saying it will cure the world’s woes.

[Author]

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