A bailout bill I’d support
Would go something like this:
Pursuant to the fact that the current economic crisis was manufactured predominantly by “Community Organizers” such as ACORN, and supported by the likes of Pelosi, Frank, Raines, et al, those people, and anyone else found complicit in this mess, will be hanged by the neck until dead before the end of business today.
In order to insure the ongoing strength of our banking community the Fed will LOAN the appropriate amount of cash to the appropriate entities under the following conditions:
Loans which are in arrears currently will be refinanced at 30 years at a fixed interest not to exceed THE CURRENT MARKET RATE BASED ON THEIR CREDIT SCORE (Thanks, Tanya and Dick)Those peoples who cannot afford this rate will lose their homes immediately, but will walk away with no damage to their credit. Those homes which are reposessed will be sold at “fair” market value, with the banks bearing the brunt of the loss. They can reclaim that loss through interest payments.
At the end of one year the parties who were loaned money by the government will repay in full. Those who cannot will close their institutions. The investors will be repaid from the private accounts of the leaders of those institutions if necesary.
Root, hog, or die.
10 comments Og | Uncategorized
I like it. Better than my call for a Dem perp-walk.
I like. I vote.
So their punishment for being stupid and greedy is that they get a better interest rate than those of us who actually read our mortgages before signing them?
I’m with you on the hanging bit, tho.
I’m betting not one person would take the 5% Tanya.
That might be a fair call, actually.
There’d have to be a clause, though, on what happens when 80% of them take a sledgehammer to the walls, pour paint on the carpet, and/or pump the entire contents of the septic tank into the second floor.
leftover rope from initial round of hangings, I think.
I’m out on the 5 percent. Make it comparable to their credit score and I’m in.
OK, I’ll change it. When a pretty redhead and the toughest fucker I know both ask, it’s a good sign I need to change.
Okay, now that I’m off the Blackberry and can actually type, allow me to expand my thoughts.
I’m good with the plan, but would definitely want their interest rates to lie within accordance their credit scores, but then again, not too high (say past 9% or so) lest it instantly becomes a liability to the system.
Second, I’m such a limpwristed, gutless pussy, I almost burst into flames at the Star Trek convention the other day.
That plan won’t work. It’s too sensible, and the money doesn’t pass through enough hands to get skimmed.
More workable plan: pick a random number from the air, say, $700B, and filter it through the Chicago Democrat machine’s precinct committeemen. They will distribute the money to worthy community activist organizations like ACORN and Operation Push. They in turn will use their business acumen to give it to the “proper parties.” Wall Street will see $700B injected somewhere, and magically they will loosen credit and loan to each other with joyous enthusiasm once again. Somehow, we hope, in a roundabout way, we think.
Really, I get to read and listen to a lot of financial experts, and not one explained in a good cause & effect manner how this plan will work. All they say is inject $700B out there, and we hope it’ll do something.
I wish Penn Jillette’s show Bulls [clap] Hit was still around, to do an episode on this bill and its proponents.