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tejas ([identity profile] tejas.livejournal.com) wrote in [personal profile] cat_77 2008-09-25 03:23 pm (UTC)

I don't have a problem with the idea of the government needing to step in and keep our economy from cratering any more than it already is. What *I* have a problem with is that the current plan (which *doesn't* look like it'll pass Congress, thank goodness), lack of oversight aside, will mainly just benefit the bastards who got us into this rather than the people who've been harmed by it.

The first step of the process should be to strip the boards and senior levels of management of the banks/corporations involved of every dime they have. Pump *that* in first. Then, revoke the corporate charters (and whatever the banking equivalent is) and put the organizations under government control (as was done during the depression - when the government stepped in then, it wasn't to save banks, it was to save the homeowners) and use strict regulation to get things back on a more even keel.

Then, we need to re-regulate the banking and finance industries, among others, because it's pretty much been proven that the current system isn't working.

In every case, the focus needs to be at the bottom of the chain, ie, the folks like us down at the bottom of the heap. *We're* the ones that drive the economy, not the jackasses in corporate board rooms. They just reap the rewards and *that* is the fundamental problem we're dealing with.

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