AD: 'We Have The $850,000,000,000 Sellout Bill - So Now What To Do?' - Malcolm Hedges - Oct 3, 08

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'We Have The $850,000,000,000 Sellout Bill - So Now What To Do?'
By Malcolm Hedges (10/03/08)

With a lot of serious complaining and a little luck maybe just $250,000,000.000 will actually be expended. And a significant portion of that amount could be recouped by non-bureaucrat management of the project.

For the purposes of this piece, we will ignore the implicit underlying Socialist fabric of the bill.

The bill offers a lot of quick relief to the banking and financial systems by greatly reducing the negative impact of the 'mark-to-market' accounting rule. Much of the supposedly useless paper will suddenly have a value that more closely reflects reality.

A lot of good financial experts and folks are looking for work. Create an instant Private Corporation, hire a CEO and CFO, lease a vacant office building, contract a company to populate the building with places for 100 employees with communications (to be finished in no more than 45 days, less equals a bonus) and start getting temp to permanent employees from agencies on the job ASAP.

This would be the Private Corporation that would analyze and administer the Sellout Bill's funding to buy 'bad paper'.

The hit would be perhaps $2,000,000,000+ and probably save more because of being run by non-bureaucrats.

Major adjustments and corrections are already talking place in the financial world, as days go by much of the current pressures may well have been pretty much alleviated.

If this bill is properly administered the financial implications can be positive, otherwise it will just be a waste of taxpayers dollars.

(Printer friendly version) Email: Malcolm Hedges

Malcolm generally writes with a conservative view.
Send Feedback To Malcolm Hedges Site: http://malcolmhedges.com/

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