Let's break up the banks... Here's a plan..

[4dsc]

NATIONALIZE: Insolvent banks that are too big to fail must incur a temporary FDIC intervention - no more blank check taxpayer handouts.

REORGANIZE: Current CEOs and board members must be removed and bonuses wiped out. The financial elite must share in the cost of what they have caused.

DECENTRALIZE: Banks must be broken up and sold back to the private market with new antitrust rules in place - new banks, managed by new people. Any bank that's "too big to fail" means that it's too big for a free market to function.

http://www.anewwayforward.org/demonstrations/

[KharmaTrain]

1. Careful On Part 3...

The only way out of this mess is to nationalize banks and other financial institutions...specifically the ones that are "too big to fail". What's more...with our TARP money, we now hold influence on the boards of these corporations...and a major say in their operating structure and future status. I'm not all for throwing everyone out...some banks did play by the rules and the losses should be isolated to those responsible...retribution won't help turn the corner any faster. Yes, stock holders and debt holders will have to take a loss...at least on paper, since that was where most of the default swaps and other financial games were played.

Once the good and bad assets are separated...and that could take a while to unravel, then it's important to investigate those who are tied to those toxic ones and see how culpable these people are. Some will be on a criminal level, others will be on a civil one...but for the financial system to restore any credibility, it must not only wipe off the bad assets, but also the bad apples.

Re-establishing and enforcing New Deal regulations are imperative to prevent future abuses and then move into the third and final step...and the one that has to be carefully planned. Those with good assets...many small and medium-sized banks, should benefit from their prudent management, not broken up or punished. The companies that we, as stock holders and creditors can and must break up and sell off the assets of those failed companies, but not to the vultures (those who made money building these ponzi companies up and now are trying to cash in by tearing 'em apart), but through competitive auctions and in an open and transparent way. All bidders must disclose their previous financial connections and public input should be encouraged. If managed properly, the toxic assets will start to gain back value that can also be sold off over a long period of time that will help fuel any future growth.

Cheers...

[Phred42]

2. Here's a more fundamental and eligant plan

The first three parts are setup (History and current situation) all info is on target and correct but it's long. If you're short of time start with 6 (where he lays out the details of his plan) and work backwards

This idea should not be lost.

VIDEO: The Solution to the Economic Crisis. Credit as a Public Utility:
http://www.1psheet.com/?p=7271