Brown urges 'concerted international approach' on bank rescue

lanceOct 9th, 2008 - 17:44:25

Step one in any rescue package:

Rescue citizens from con artists:

Give a world court jurisdiction for handling business and financial fraud and give stiff penalties including fees equivalent to con artist's net worth and upto 20 years in jail, say one year for each one million dollars of incorrect and non-public valuation techniques.

First in line for prosecution: President Bush for trying to con people into accepting a trillion dollars of junk assets. That would be 100,000 years in jail.

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lanceOct 9th, 2008 - 20:07:12

So, here is the final analysis:

The last time the stock market was valued correctly was around 1960. A legitimate long term conservative rate of return (without taxes) would be 5%, which doubles principle about every 15 years. That means that in the year 2005 a conservative money manager would expect a Dow index of 4920, especially considering dividend distributions.

A Dow of 9000 is absurd and fraudulent. On July 2007 the Dow was at about 14,000 which is obscene. The Treasury and the President are financial kooks who are conning people into believing money grows on trees.

Wake me up when the Dow drops below, say 7,000.

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JimOct 9th, 2008 - 20:58:38

The Dow is on its way - nearing 8500 tonight.
The US Government is now considering capital injection (effectively part nationalisation) of the banks.
Have a nice day

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History is a good teacher for those who learn!!!Oct 9th, 2008 - 21:18:58

But one has to be intelligent and not alcoholic druggy Bush and greediest man of the world mr. cheney, to learn from history.

THE OBSESSED BUSH AND CHENEY TEAM CANNOT SEE THE LIGHT.

The blood of the innocent does not go without results. The west has to disintegrate into nothing. Saudie money or anything else is not going to save them. The rulers in Muslim lands have to reach their end point, and it is coming close to it.

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lanceOct 9th, 2008 - 21:24:02

'The US Government is now considering capital injection'

The US Government has always been the worse investor in history. They never invest for profit, only for loss.

Take the health system for example: Any sane person would slash and burn the tobacco industry and lock people who smoke up in jail until their addiction is contained. But, Nooooh the feds don't do that. Instead they support the tobacco growers and fund the risk of smoker's addiction via medicare benefits.

The U.S. would have NO energy crisis, NO healthcare crisis, NO financial crisis if only the feds could contain their addiction to debt spending and reel in destructive and expensive behavior.

So, be it. The time for justice and honesty has finally come.

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davidOct 10th, 2008 - 11:05:05

All the so called finance experts in banks and government have been richly rewarded for ruining the economy,now they are to be further enriched putting it right.
They should be held accountable for their actions ,have their ill gotten gains confiscated,the funds thus raised should be used to prop up the banks which these gamblers have so nearly destroyed.

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