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What's your plan?
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blah Offline
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Post: #1
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?
09-25-2008 09:42 PM
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WoodlandsOwl Offline
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Post: #2
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.
09-25-2008 10:09 PM
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Tulsaman Offline
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Post: #3
RE: What's your plan?
buy beer and ride it out.
09-25-2008 11:34 PM
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OUBOBCATJOHN Offline
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Post: #4
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.
09-26-2008 01:08 AM
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firmbizzle Offline
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Post: #5
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.)
09-26-2008 03:54 AM
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THE NC Herd Fan Offline
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Post: #6
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.
(This post was last modified: 09-26-2008 05:16 AM by THE NC Herd Fan.)
09-26-2008 04:49 AM
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Jugnaut Offline
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Post: #7
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!
09-26-2008 07:12 AM
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Machiavelli Offline
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Post: #8
RE: What's your plan?
OU- Started out like a house on fire then faded a little bit. The end was just tomfoolery.
09-26-2008 07:14 AM
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Fo Shizzle Offline
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Post: #9
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.
09-26-2008 09:04 AM
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cb4029 Offline
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Post: #10
Toungue RE: What's your plan?
[Image: bong.gif]
Puff, puff, pass.
09-26-2008 09:18 AM
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I45owl Offline
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Post: #11
RE: What's your plan?
cb4029 Wrote:[Image: bong.gif]
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.
09-26-2008 10:13 AM
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I45owl Offline
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Post: #12
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.)
09-26-2008 10:20 AM
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Tulsaman Offline
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Post: #13
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.
09-26-2008 10:51 AM
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DrTorch Offline
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Post: #14
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.)
09-26-2008 03:23 PM
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