BS: How to Really Fix the Economy!

Subject: BS: HOW TO REALLY FIX THE ECONOMY
From: Donuel
Date: 24 Sep 08 - 08:31 AM

Instead of buying up all the worthless derivitives and other failed trash investments by banks with a blank check to executives...

The taxpayers money can buy huge lots of bank stock, thus keeping them open, and actually have ASSETS owned by the taxpayers/government that would be worth something.

..as said by Sloan on NPR

I consulted with a senior econmist with the government and she said that is exactly the best solution to this current debt mess (

note this debacle should not be called a credit crisis - it is a debt crisis.)

Subject: RE: BS: HOW TO REALLY FIX THE ECONOMY
From: The Fooles Troupe
Date: 24 Sep 08 - 08:44 AM

... but it IS a crisis of 'credit' - of those who have run up the debts... :-P

The "Fix" - pronounced "F" + "**K"...


There's it's 'fixed' mate!

Subject: RE: BS: HOW TO REALLY FIX THE ECONOMY
From: Donuel
Date: 24 Sep 08 - 08:47 AM

because the banks have so much debt.

We relieve their capital problem by owning their assets

not by swallowing their bad notes.

Subject: RE: BS: HOW TO REALLY FIX THE ECONOMY
From: Donuel
Date: 24 Sep 08 - 08:49 AM

assets as in stock

we recapitalize them instead of holding reverse auctions while Wall Street holds on to a trillion bucks.

by bamk stock...its a win win.

Subject: RE: BS: HOW TO REALLY FIX THE ECONOMY
From: Rapparee
Date: 24 Sep 08 - 08:54 AM

I got a bad note once; played a C# instead of a Db.

Subject: RE: BS: HOW TO REALLY FIX THE ECONOMY
From: The Fooles Troupe
Date: 24 Sep 08 - 08:57 AM

I can't agree with you more, Donuel...

Subject: RE: BS: HOW TO REALLY FIX THE ECONOMY
From: freda underhill
Date: 24 Sep 08 - 09:19 AM

Dear American:

I need to ask you to support an urgent secret business relationship with a transfer of funds of great magnitude.

I am Ministry of the Treasury of the Republic of America. My country has had crisis that has caused the need for large transfer of funds of 800 billion dollars US. If you would assist me in this transfer, it would be most profitable to you.

I am working with Mr. Phil Gram, lobbyist for UBS, who will be my replacement as Ministry of the Treasury in January. As a Senator, you may know him as the leader of the American banking deregulation movement in the 1990s. This transactin is 100% safe.
This is a matter of great urgency. We need a blank check. We need the funds as quickly as possible. We cannot directly transfer these funds in the names of our close friends because we are constantly under surveillance. My family lawyer advised me that I should look for a reliable and trustworthy person who will act as a next of kin so the funds can be transferred.

Please reply with all of your bank account, IRA and college fund account numbers and those of your children and grandchildren to [e-mail] so that we may transfer your commission for this transaction. After I receive that information, I will respond with detailed information about safeguards that will be used to protect the funds.

Yours Faithfully Minister of Treasury Paulson

(from
political humour )

Subject: RE: BS: HOW TO REALLY FIX THE ECONOMY
From: The Fooles Troupe
Date: 24 Sep 08 - 09:25 AM

Brilliant Freda!

Subject: RE: BS: HOW TO REALLY FIX THE ECONOMY
From: The Fooles Troupe
Date: 24 Sep 08 - 09:43 AM

OK Freda - see your fiction and raise you a real one....

Wonder if it will come to this...

Indian govt backs staff who killed boss

September 24, 2008, 10:00 pm

India's labour minister apologised for expressing his support for sacked workers who beat their former boss to death.

Oscar Fernandes had defended former employees of car parts maker Graziano Transmissioni who attacked and killed chief executive Lalit Kishore Chaudhary at the Italian firm's offices near New Delhi earlier this week.

Chaudhary, a father with one son, was hit on the head with either a stick or an iron rod and was declared dead on arrival at hospital, police said.

Fernandes had said the attack "should serve as a warning for management."

"Workers should be dealt with with compassion," he had told reporters. "The workers should not be pushed so hard."

But he retracted his comments on Wednesday after they were greeted with shock by many Indians.

"My profound apologies to everybody who feels hurt," Fernandes was quoted as saying by the Press Trust of India. "I would like to put an end to this chapter by saying I am sorry."

Chaudhary, 47, died of head injuries after being attacked by more than a hundred workers who had been sacked a few months ago.

Business groups had led outrage over the minister's comments, with Rajeev Chandrasekhar, president of the Federation of Indian Chambers of Commerce and Industry, saying he was "frankly flabbergasted."

The Confederation of Indian Industry said there was "nothing in the world that can justify lynching of any person and no dispute can be settled by murdering an adversary."

Business leaders said the killing may damage the country's reputation among international firms, but trade minister Kamal Nath vowed the incident "would not be allowed to mar India's position as an investment-friendly destination."

The company had been meeting with the sacked workers to discuss their possible reinstatement when the dispute turned violent, police said.

More than 130 people have been detained over charges ranging from rioting to murder.

Media reports said workers were dismissed after they demanded pay rises and allegedly ransacked the firm's offices in Noida, an industrial district outside Delhi.

The Italian embassy in New Delhi expressed its concerns on Wednesday that Indian officials had failed to act despite months of threats to the company.

"The incident is all the more worrying as Graziano Transmissioni, after many successful years, had been facing for several months violent forms of protest by self-proclaimed workers' representatives," it said in a statement.

"The situation had been repeatedly brought to the attention of the competent Indian authorities, both at central and local level."

It added that it hoped the "totally incomprehensible and unjustifiable" death would not affect foreign investment in India.

Graziano, in a statement from Rivoli in Italy, said it was appalled at the killing of one of its employees in an act it described as a "truly criminal."

The district of Noida is also home to multi-national firms such as Honda, LG Electronics and Moser Baer.

~~~~~~~~~~~~~

You will of course notice certain Capitalistic emphases...

Subject: RE: BS: HOW TO REALLY FIX THE ECONOMY
From: dick greenhaus
Date: 24 Sep 08 - 10:28 AM

Damn, but these mental recessions keep coming up (whine, whine)

Subject: RE: BS: HOW TO REALLY FIX THE ECONOMY
From: Donuel
Date: 24 Sep 08 - 10:35 AM

Taxpayer funds to buy stock in the mot troubled banks will recapitalize them allow credit to flow. The taxpayers will then own assets and not trash.

The Wall Street scam will implode but the economy will continue with enough capital.

Subject: RE: BS: HOW TO REALLY FIX THE ECONOMY
From: Donuel
Date: 24 Sep 08 - 11:14 AM

Reset all Adjustable Rate Mortgages back to the original payment.

you can do this you greedy MFs

Subject: RE: BS: How to Really Fix the Economy!
From: Donuel
Date: 24 Sep 08 - 11:24 AM

the Sarah Palin Big Oil commercial

Subject: RE: BS: How to Really Fix the Economy!
From: Donuel
Date: 24 Sep 08 - 11:27 AM

And here is the interactive museum that is the frosting of the Palin cake. black gold musem

Subject: RE: BS: HOW TO REALLY FIX THE ECONOMY
From: Alice
Date: 24 Sep 08 - 11:28 AM

Freda, thanks for that. I just emailed it to a list of friends.
"Scariest scam email ever"

Subject: RE: BS: How to Really Fix the Economy!
From: Donuel
Date: 24 Sep 08 - 12:32 PM

freda:

freda's warning about scam letter

Subject: RE: BS: How to Really Fix the Economy!
From: Bee-dubya-ell
Date: 24 Sep 08 - 02:30 PM

Bake sales! We'll fix the economy by holding bake sales!

Better yet, Congressional bake sales! How much would you be willing to pay for a carrot cake made from scratch by Hillary Clinton?

Subject: RE: BS: How to Really Fix the Economy!
From: Bill D
Date: 24 Sep 08 - 02:40 PM

I'd pay a LOT for a bit of humble pie

Subject: RE: BS: How to Really Fix the Economy!
From: Bobert
Date: 24 Sep 08 - 02:57 PM

Well, yeah, Donuel... I agree that it is rediculous just buying the bad when you can get sonme of the good with the bad... That would perhaps actually give US a return on the investment...

B~

Subject: RE: BS: How to Really Fix the Economy!
From: Amos
Date: 24 Sep 08 - 03:00 PM

Or to watch Paulson and Bush eat some crow...


A

Subject: RE: BS: How to Really Fix the Economy!
From: freda underhill
Date: 25 Sep 08 - 05:29 AM

more....

Do you have any idea how cheap stocks are now? Wall Street is now being called Wal-Mart Street.

Some good news for the economy. President Bush went on a month-long vacation.

President Bush unveiled his new economic stimulus plan this week. It was reported that if the plan passes, the president himself would save $44,000 in taxes, Dick Cheney would save $327,000, and you could afford to take the whole family down to Burger King to pick up job applications..

Al Gore says President Bush's economic plan has zero chance of working. Now, this raises on important question: Bush has an economic plan?

President Bush hosted something called the President's Economic Forum down in Waco, Texas today. Waco. Apparently Jonestown and Guyana were booked up. When I think of government policy that works, Waco is the place to go. He invited members of small business to the summit. He was going to invite big business, but they're all in jail.

In a speech yesterday in Milwaukee, President Bush vowed to do whatever it takes to keep the economy strong. In fact he said that if he needs to, he will take vacation for another three months..

from here..   economic jokes

Subject: RE: BS: How to Really Fix the Economy!
From: kendall
Date: 25 Sep 08 - 07:50 AM

Apparently Palin knows as much about geography as she does about foreign policy. She stated that the "biggest" tide on this continent are in Alaska. Sorry there, "Caribou Barbie" but that is not so. The highest tides are in the Bay of Fundy.

Subject: RE: BS: How to Really Fix the Economy!
From: The Fooles Troupe
Date: 25 Sep 08 - 07:59 AM

"hosted something called the President's Economic Forum down in Waco, Texas today. Waco."

Wacko is right!

Waco? Hey, maybe we can send the ATF in (tanks and all!), they cleaned up things real good last time, almost no survivors... :-)

Subject: RE: BS: How to Really Fix the Economy!
From: freda underhill
Date: 25 Sep 08 - 08:22 AM

that lady has a bad case of foot in mouth disease..

"When I hear a statement like that coming from a woman candidate with any kind of perceived whine about that excess criticism, or maybe a sharper microscope put on her, I think, 'Man, that doesn't do us any good, women in politics, or women in general, trying to progress this country." - Sarah Palin

"I'm the mayor, I can do whatever I want until the courts tell me I can't.'" --Sarah Palin, as quoted by former City Council Member Nick Carney, after he raised objections about the $50,000 she spent renovating the mayor's office without approval of the city council..
Oil and coal? Of course, it's a fungible commodity and they don't flag, you know, the molecules, where it's going and where it's not. But in the sense of the Congress today, they know that there are very, very hungry domestic markets that need that oil first. So, I believe that what Congress is going to do, also, is not to allow the export bans to such a degree that it's Americans that get stuck to holding the bag without the energy source that is produced here, pumped here. It's got to flow into our domestic markets first." --Sarah Palin, billed by John McCain as the nation's foremost expert on energy, clumsily answering a question while speaking off the cuff at a town hall meeting, Grand Rapids, Michigan, Sept. 17, 2008

Subject: RE: BS: How to Really Fix the Economy!
From: GUEST,Sawzaw
Date: 25 Sep 08 - 09:43 AM

"I agree that it is rediculous just buying the bad when you can get sonme of the good with the bad"

Assuming he is talking about mortgages, Bobert and I agree on something. I have been discussing it with my wife and we agree that if a company can't handle their mortgages, the US should take them ALL off of their hands. The good ones and the bad ones and therefore make a profit.

Seems to me like the Boss Hoggs are trying to pass the bad ones off on the US taxpayer and keep the profitable ones.

Subject: RE: BS: How to Really Fix the Economy!
From: freda underhill
Date: 25 Sep 08 - 10:22 AM

Now, here's how bad the economy is. There are now Americans taking jobs away from illegal aliens. That's how bad it's got.

Subject: RE: BS: How to Really Fix the Economy!
From: GUEST,petr
Date: 25 Sep 08 - 12:38 PM

well give them the 700 billion at 6% and jack it up to 29.9% after 3 years.

why not just give or loan the 700 billion to those unable to make the mortgage payments..
then they will be able to pay.. there will me no worry about foreclosures, hence no need to pay the insurance for the default swaps
confidence will be restored in the economy (and if you give it each american - thats appx 2340$ per citizen they should be able to pay it back)

instead of giving it to wall street which put itself in this mess with its complex pyramid scheme even the quants dont understand.

Subject: RE: BS: How to Really Fix the Economy!
From: Donuel
Date: 25 Sep 08 - 12:42 PM

Bee dubya, by Jove I think you've got it.

"Congressional bake sales." Baked Stevens, Baked McCain, Baked Lott
now there's a good ol fashioned southern dessert.

Baked Pelosi, Baked Alaska...

Subject: RE: BS: How to Really Fix the Economy!
From: Donuel
Date: 25 Sep 08 - 12:43 PM

There a several real and effective strategies that are as good if not better wut we are going to buy the one dreamed up by the Bush administration.

I'm ashamed.

Subject: RE: BS: How to Really Fix the Economy!
From: the lemonade lady
Date: 25 Sep 08 - 06:15 PM

Super glue, sticky back plastic and old washing up bottles.

lol

Sal

Subject: RE: BS: How to Really Fix the Economy!
From: freda underhill
Date: 26 Sep 08 - 05:38 AM

Your comments above about taxpayer money going towards buying bank stock are timely Donuel, but the US govt isn't saying much about what it's going to do with its huge rescue package.

since then, Washington Mutual has just crashed after its customers withdrew billions of dollars worth of deposits in recent weeks. it's going to be a very rough ride, and Australia will be bumping along behind, as our economy is affected by ripples from the US. Our govt has just decided to invest in residential mortgages, as many of our lenders here are finding it harder to get money to loan.

the british govt has announced it's going to draw up legislation to strengthen the supervision of the banking system, make it easier to intervene if a bank gets into trouble and give more powers to government regulators.

regulation seems to be the word here in Oz and in the UK. i don't know if it's being recommended in america.

freda

Subject: RE: BS: How to Really Fix the Economy!
From: Donuel
Date: 26 Sep 08 - 08:58 AM

The top down bail out will infuse cash to banks quickly and the bottom up plan would not put money in the banks at all.

With a 4 trillion real dbt per year and bogus financial instruments that were valued at one time for 93 trillion dollars the ON# TRILLION bail out is but a drop of grease on some hot burned out gears.

Subject: RE: BS: How to Really Fix the Economy!
From: GUEST,Guest from Sanity
Date: 27 Sep 08 - 04:17 AM

From: Rapaire
Date: 24 Sep 08 - 08:54 AM

I got a bad note once; played a C# instead of a Db.

I hate when that happens!