Stock market/banking sector insanity

[wavelength]

Kinda long read...

This will NEVER happen - makes too much sense!

This guy hit it on the head !!!

I'm against the $85,000,000,000.00 bailout of AIG.

Instead, I'm in favor of giving $85,000,000,000 to America in a We Deserve It Dividend.

To make the math simple, let's assume there are 200,000,000 bonafide U.S. Citizens 18+.

Our population is about 301,000,000 +/- counting every man, woman and child. So 200,000,000 might be a fair stab at adults 18 and up..

So divide 200 million adults 18+ into $85 billon that equals $425,000.00.

My plan is to give $425,000 to every person 18+ as a We Deserve It Dividend.

Of course, it would NOT be tax free. So let's assume a tax rate of 30%.

Every individual 18+ has to pay $127,500.00 in taxes. That sends $25,500,000,000 right back to Uncle Sam.

But it means that every adult 18+ has $297,500.00 in their pocket. A husband and wife has $595,000.00.

What would you do with $297,500.00 to $595,000.00 in your family?
Pay off your mortgage - housing crisis solved.
Repay college loans - what a great boost to new grads
Put away money for college – it'll be there
Save in a bank - create money to loan to entrepreneurs.
Buy a new car - create jobs
Invest in the market - capital drives growth
Pay for your parent's medical insurance / health care improves Enable Deadbeat Dads to come clean or else

Remember this is for every adult U S Citizen 18+ including the folks who lost their jobs at Lehman Brothers and every other company that is cutting back. And of course, for those serving in our Armed Forces.

If we're going to re-distribute wealth let's really do it...instead of trickling out a puny $1000.00 (vote buy) economic incentive that is being proposed by one of our candidates for President.

If we're going to do an $85 billion bailout, let?s bail out every adult US Citizen 18+!

As for AIG ? liquidate it.
Sell off its parts.
Let American General go back to being American General.
Sell off the real estate.

Let the private sector bargain hunters cut it up and clean it up.

Here's my rationale. We deserve it and AIG doesn't.

Sure it's a crazy idea that can 'never work.'

But can you imagine the Coast-To-Coast Block Party!

How do you spell Economic Boom?

I trust my fellow adult Americans to know how to use the $85 Billion
We Deserve It Dividend more than I do the geniuses at AIG or in Washington DC .

And remember, The Birk plan only really costs $59.5 Billion because $25.5 Billion is returned instantly in taxes to Uncle Sam.

[Old'sCool]

It's ashamed he does math like the gubermant


85,000,000,000 / 200,000,000 = $425.00

[RODMAN]

Its all over--na na nanana.But they will find a way sooner or later.

[wavelength]

I didn't write it just passing it on. I'm sorry please forgive me.

[65Bowrider]

More was lost in the market yesterday than what the bailout would have cost ... and I'm sure there's more to come.

The is going to be a long and bumpy ride...I wish everyone a safe passage.

[Briguy]

Hey, Since I started this thread let's try our best to stick to the subject of the markets. There are many other places on the net to talk about dem's and repub's. Keep it friendly.

[gofastsandman]

I`m a Libertarian, so I have no representation to complain about. I sold my small MMA and bought Freddie Mac. 20 years from now I hope to retire.
My brother in law is an investment banker in London. When they short a stock they can leverage @ 100-1. He knows the 2 "humans" who starting shorting Lehman with massive hedge funds. They stoked the rumor mill and the bandwagon jumped on and now Lehman is gone.
GFS

[hermco]

Money as Debt

[small45]

[/QUOTE]

No self-respecting 1911 owner would own a Kimber, - but I digress.

[/QUOTE]


tee hee hee...nothing scares the bad guys like a mirror finish on your heat

[Tiny]

Hermco,

That's a good one for sure.