blah
Just doing the splits
Posts: 11,539
Joined: May 2004
Reputation: 164
I Root For: Stretching
Location: Just outside Uranus
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What's your plan?
I believe we have a group of people in this forum which are every bit (actually smarter) than the group in D.C. So if you are in charge, what is your plan for handling the Wall St. dilemma?
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09-25-2008 09:42 PM |
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WoodlandsOwl
Up in the Woods
Posts: 11,813
Joined: Jun 2005
Reputation: 115
I Root For: Rice Owls
Location:
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RE: What's your plan?
1. Put these entities in Involuntary Chapter 11's.
2. Appoint Chapter 11 Trustees... no "Debtor in Possession" for these entities.
3. Hire accountants and start going over the Books.
4. Take Rule 2004 Examinations of the Management and Board. (Lets see how many take the 5th as well). If you catch anyone lying, make referrals to the US Bankruptcy Trustee.
5. Start segregating the assets from the garbage and liquidate assets at a decent value. No Fire Sales.
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09-25-2008 10:09 PM |
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Tulsaman
This Space For Rent
Posts: 4,169
Joined: Nov 2003
Reputation: 26
I Root For: OK State, Tulsa
Location:
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RE: What's your plan?
buy beer and ride it out.
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09-25-2008 11:34 PM |
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OUBOBCATJOHN
Heisman
Posts: 5,936
Joined: Dec 2004
Reputation: 22
I Root For: Ohio Bobcats
Location: On top of the MAC
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RE: What's your plan?
Here is my plan
1. eliminate the capital gains tax which will encourage investors to take risk again and let these sruggling banks to raise capital. By elimating the capital gains tax, the real estate market will thrive as people will be able to buy these cheap properties today and sell then years later at a higher value. This also will clear the inventory of homes and lift a cloud over the home builders, which will boost construction which will boost retailers like Lowes and Home Depot. This would allowthe private sector gobble up those mortgages and not put the tax payers on the hook. Government needs to sweeten the pot for investors and that would be tax relief.
2. Have every government vehicles be an electric car/or alternative fuel to create a market for automakers and to that would leave more gas for the private sector and Help car factories change over to the electic vehicles.
3. Require every man, women and child have health purchase health ins via private sector. Works just like auto ins today. Fine those who laspe their coverage. That would forced families to purchase health ins for their familiy before a 55 inch TV made in Japan. You see folks with BMW's, Nike shoes and gold chains, but they don't buy health ins for the kids they father out of wedlock.
3. No federal income tax those who serve in military during combat for life.
4. privatize Social security 100% and require every citizens to enroll in a IRA or 401k with mandatory contributions each
year.
5. Elimate the federal Department of Education and return full education responsbility to the states.
This plan gets the government out of social security and health care which are the costly programs that prevent the goverment from balancing the budget.
Federal governments main reponsibilites would be for national security
Would ban goverment funded stadium projects. Private owners and business sponsorship.
Require NFL, NBA and MLB to require a 4 year college degree for a contract. No Exceptions. This would reward those that are great student athletes and eliminate those foreign players that take jobs from americans. Makes Lebron James earn a degree before we give him millions.
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09-26-2008 01:08 AM |
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firmbizzle
Hall of Famer
Posts: 20,447
Joined: Jul 2008
Reputation: 442
I Root For: UF, UCF
Location:
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RE: What's your plan?
OUBOBCATJOHN Wrote:Here is my plan
1. eliminate the capital gains tax which will encourage investors to take risk again and let these sruggling banks to raise capital. By elimating the capital gains tax, the real estate market will thrive as people will be able to buy these cheap properties today and sell then years later at a higher value. This also will clear the inventory of homes and lift a cloud over the home builders, which will boost construction which will boost retailers like Lowes and Home Depot. This would allowthe private sector gobble up those mortgages and not put the tax payers on the hook. Government needs to sweeten the pot for investors and that would be tax relief.
2. Have every government vehicles be an electric car/or alternative fuel to create a market for automakers and to that would leave more gas for the private sector and Help car factories change over to the electic vehicles.
3. Require every man, women and child have health purchase health ins via private sector. Works just like auto ins today. Fine those who laspe their coverage. That would forced families to purchase health ins for their familiy before a 55 inch TV made in Japan. You see folks with BMW's, Nike shoes and gold chains, but they don't buy health ins for the kids they father out of wedlock.
3. No federal income tax those who serve in military during combat for life.
4. privatize Social security 100% and require every citizens to enroll in a IRA or 401k with mandatory contributions each
year.
5. Elimate the federal Department of Education and return full education responsbility to the states.
This plan gets the government out of social security and health care which are the costly programs that prevent the goverment from balancing the budget.
Federal governments main reponsibilites would be for national security
Would ban goverment funded stadium projects. Private owners and business sponsorship.
Require NFL, NBA and MLB to require a 4 year college degree for a contract. No Exceptions. This would reward those that are great student athletes and eliminate those foreign players that take jobs from americans. Makes Lebron James earn a degree before we give him millions.
Wow! It's feast of famine with you. 100% free-market or 100% socialism. Are you going to require golfers and tennis players to earn a degree also?
I say do nothing. Gather the best economist in the country, find out what they think then make a plan. Richard Shelby has it right. Hold out house republicans!
(This post was last modified: 09-26-2008 03:56 AM by firmbizzle.)
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09-26-2008 03:54 AM |
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THE NC Herd Fan
Hall of Famer
Posts: 16,168
Joined: Oct 2003
Reputation: 521
I Root For: Marshall
Location: Charlotte
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RE: What's your plan?
1) No government Equity Stakes. The government should own no private business.
2) More government brokered deals like JPM-Bear Stearns JPM-WAMU BofA-Merrill Lynch
3) Assistance for some struggling companies like Wachovia with 10% income tax surcharge on companies that receive assistance to at least partially pay back some of the assistance.
4) Let a few companies fail, thin the herd.
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09-26-2008 04:49 AM |
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Jugnaut
Heisman
Posts: 6,874
Joined: Mar 2004
Reputation: 482
I Root For: UCF
Location: Florida
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RE: What's your plan?
Tulsaman Wrote:buy beer and ride it out.
+700,000,000,000
Free Market baby, and you're stimulating the economy!
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09-26-2008 07:12 AM |
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Machiavelli
Back to Reality. Oh there goes Gravity
Posts: 25,357
Joined: Apr 2006
I Root For: BGSU
Location:
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RE: What's your plan?
OU- Started out like a house on fire then faded a little bit. The end was just tomfoolery.
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09-26-2008 07:14 AM |
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Fo Shizzle
Pragmatic Classical Liberal
Posts: 42,023
Joined: Dec 2006
Reputation: 1206
I Root For: ECU PIRATES
Location: North Carolina
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RE: What's your plan?
It will hurt...but...Government intervention is only going to delay and likely worsen the severity of the needed corrections when they occur. I say let these businesses go Chapter 11 and allow the free market do its job...find equilibrium.
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09-26-2008 09:04 AM |
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cb4029
The spoon that stirs the pot.
Posts: 18,793
Joined: Jun 2007
Reputation: 353
I Root For: Deez Nuts
Location: B'ham
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RE: What's your plan?
Puff, puff, pass.
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09-26-2008 09:18 AM |
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I45owl
Hall of Famer
Posts: 18,374
Joined: Jun 2005
Reputation: 184
I Root For: Rice Owls
Location: Dallas, TX
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RE: What's your plan?
cb4029 Wrote:
Puff, puff, pass.
didn't read the thread, but this may be the best solution to the economic mess suggested yet - we'll call it The Ron Paul Plan.
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09-26-2008 10:13 AM |
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I45owl
Hall of Famer
Posts: 18,374
Joined: Jun 2005
Reputation: 184
I Root For: Rice Owls
Location: Dallas, TX
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RE: What's your plan?
OUBOBCATJOHN Wrote:You see folks with BMW's, Nike shoes and gold chains, but they don't buy health ins for the kids they father out of wedlock.
If I were to meet one of these folks, what exactly would they look like? I'm having a real hard time coming up with a mental image of these mythical folks.
OUBOBCATJOHN Wrote:Require NFL, NBA and MLB to require a 4 year college degree for a contract. No Exceptions. This would reward those that are great student athletes and eliminate those foreign players that take jobs from americans. Makes Lebron James earn a degree before we give him millions.
Because the economic failings of today is can be hung directly on Yao Ming and Dirk Novitski. You do realize that a big part of the reason that these damn foreigners are in the NBA is to market American goods and entertainment abroad, bringing cash back home to the US for these folks to buy BMWs (built in the US, of course) and Nike shoes and gold chains, right?
(This post was last modified: 09-26-2008 10:21 AM by I45owl.)
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09-26-2008 10:20 AM |
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Tulsaman
This Space For Rent
Posts: 4,169
Joined: Nov 2003
Reputation: 26
I Root For: OK State, Tulsa
Location:
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RE: What's your plan?
Jugnaut Wrote:Tulsaman Wrote:buy beer and ride it out.
+700,000,000,000
Free Market baby, and you're stimulating the economy!
pretty much.
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09-26-2008 10:51 AM |
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DrTorch
Proved mach and GTS to be liars
Posts: 35,887
Joined: Jun 2002
Reputation: 201
I Root For: ASU, BGSU
Location:
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RE: What's your plan?
I45owl Wrote:Because the economic failings of today is can be hung directly on Yao Ming and Dirk Novitski.
Let's go with that...a good scapegoat will improve US morale. And don't forget Steve Nash. He's Canadian.
(This post was last modified: 09-26-2008 03:24 PM by DrTorch.)
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09-26-2008 03:23 PM |
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