Comments on: Liberalism, Capitalism, and the Bailout Plan http://mark.madsenlab.org/2008/09/liberalism-capi.html#utm_source=feed&utm_medium=feed&utm_campaign=feed Scientia non habet inimicum nisi ignorantem Thu, 04 Feb 2010 06:35:38 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Tom Fitz http://mark.madsenlab.org/2008/09/liberalism-capi.html/comment-page-1#comment-1641 Tom Fitz Tue, 30 Nov 1999 00:00:00 +0000 http://mark.madsenlab.org/?p=509#comment-1641 Mark, here's part of what I wrote to my senators and rep: "I was undecided before the House vote, but since then I've had a chance to read the modified Paulson proposal and now agree with the majority who voted NO. The bill before the Senate has grown from a pig to a warthog, and even a bucket of lipstick isn't going to make it acceptable. Go back to the drawling board; start with DeFazio's proposal or a blank sheet of paper; the Paulson proposal even with the little window dressing added in the House bill is A) too much money given to the wrong people with no oversight, and B) doesn't actually deal with the problem." I am NOT looking for a perfect solution to the crisis (when has there ever been a perfect solution to a crisis??), but it seems to me we need something that is just big enough to buy time without tying the hands of President Obama. So, I want to see a smaller dollar amount, I want it used only to directly recapitalize companies by taking an equity position, and if we don't have the votes for any systemic reforms right now, leave it at that (ok, higher FDIC coverage too). Mark, here’s part of what I wrote to my senators and rep:

“I was undecided before the House vote, but since then I’ve had a chance to read the modified Paulson proposal and now agree with the majority who voted NO. The bill before the Senate has grown from a pig to a warthog, and even a bucket of lipstick isn’t going to make it acceptable. Go back to the drawling board; start with DeFazio’s proposal or a blank sheet of paper; the Paulson proposal even with the little window dressing added in the House bill is A) too much money given to the wrong people with no oversight, and B) doesn’t actually deal with the problem.”

I am NOT looking for a perfect solution to the crisis (when has there ever been a perfect solution to a crisis??), but it seems to me we need something that is just big enough to buy time without tying the hands of President Obama. So, I want to see a smaller dollar amount, I want it used only to directly recapitalize companies by taking an equity position, and if we don’t have the votes for any systemic reforms right now, leave it at that (ok, higher FDIC coverage too).

]]> By: Payday Loan Advocate http://mark.madsenlab.org/2008/09/liberalism-capi.html/comment-page-1#comment-1642 Payday Loan Advocate Tue, 30 Nov 1999 00:00:00 +0000 http://mark.madsenlab.org/?p=509#comment-1642 America and Capitalism are both based on the freedom of choice. We as Americans and Capitalists should have the financial freedom to choose how we use our money, and we should be able to choose where we get a loan. The fact that certain states are banning a financial resource such as the payday loan industry is ridiculous. These states are taking away the availability of a loan to those who need money quickly, who don’t have the credit to attain one from a bank, who only need a few hundred dollars loaned instead of thousands. Don’t let the legislation take away your financial freedom and vote for your rights as an American citizen. Post Courtesy of Personal Money Store Professional Blogging Team Feed Back: 1-866-641-3406 Home: http://personalmoneystore.com/NoFaxPaydayLoans.html Blog: http://personalmoneystore.com/moneyblog/ America and Capitalism are both based on the freedom of choice. We as Americans and Capitalists should have the financial freedom to choose how we use our money, and we should be able to choose where we get a loan. The fact that certain states are banning a financial resource such as the payday loan industry is ridiculous. These states are taking away the availability of a loan to those who need money quickly, who don’t have the credit to attain one from a bank, who only need a few hundred dollars loaned instead of thousands. Don’t let the legislation take away your financial freedom and vote for your rights as an American citizen.

Post Courtesy of Personal Money Store
Professional Blogging Team
Feed Back: 1-866-641-3406
Home: http://personalmoneystore.com/NoFaxPaydayLoans.html
Blog: http://personalmoneystore.com/moneyblog/

]]> By: airth10 http://mark.madsenlab.org/2008/09/liberalism-capi.html/comment-page-1#comment-1643 airth10 Tue, 30 Nov 1999 00:00:00 +0000 http://mark.madsenlab.org/?p=509#comment-1643 I wish Milton Friedman was around today to comment on the financial crises. Would he have said, like Alan Greenspan, that he didn't anticipate it and really doesn't know what when wrong. I wish Milton Friedman was around today to comment on the financial crises. Would he have said, like Alan Greenspan, that he didn’t anticipate it and really doesn’t know what when wrong.

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