Sunday, September 21, 2008

Instead of the bailout...

I say screw the bailout.  Let's just pump money into AIG, since we already own it, and take over the credit industry.  So what if the other companies fail, we (the taxpayers) can just buy the assets on the cheap.  We would be one of the only players out there with enough capital to loan directly to the citizens.


Then after everything has shaken out, we just divvy the company up, giving every American a share, and let the free market take over.

I'd also like to see a 85% income/capital gains tax applied retroactively to every single CEO who has had a hand in this crisis.

2 comments:

mazenko said...

I like your point here, even with the implied sarcasm.

Parentalcation said...

Actually there is no sarcasm. I am deadly serious.

Screw the companies that fucked up.

Screw the home debtors that bought houses the couldn't afford.

Screw the politicians that sat back and watched it happen.


As far as I am concerned, all we need is an alternate form of credit for credit worthy customers while the private sectors sorts itself out.