There is something I want each of you to remember;

Unbridled capitalism is just as dangerous to the market place as unbridled socialism.

The problem we are experiencing today comes from the former, rather then the later. As I see it there are three things that must be done to fix the problem. First, liquidity and confidence has to be restored to the marketplace so that individuals and companies can get loans to buy capital goods and services as well as take care of expenses, second, the housing market here in the US must be allowed to correct itself by reorganizing the load of bad loans that were made over the last few years and three, regulation must be put in place to control short selling and other uncontrolled aspects of the stock market.

Restoring liquidity and confidence to the marketplace requires short term government innervation. The 750 Billion dollar bail out package was a good start, however now it must be spent wisely. Those institutions that are sound must be reenforced with short term money available at attractive rates to spur borrowing and those institutions that are not must be allowed to fail. Since depositors funds are insured by the FDIC and that figure has risen, they will be protected.

Re writing new loans to replace the old ones backed by Fanny Mae and Freddy Mac (Now that they are under government control) to include a longer term (40 years) and a reduced interest rate to borrowers who display both the interest and means to afford them.  Both government and private institutions then should set a fair market rate where the government will front the difference in order to make them attractive to private investors.

This will allow the majority of these loans to be made good taking pressure off the market while allowing people an opportunity to keep their homes and avoid foreclosures.

Congress should act to close every possible loop hole that caused this mess. This should include new regulations to prevent any corporate officer from profiting beyond their base salary in their company unless they have been sucessful. They also should be made to be to be held financially liable for misuse of funds in light of the recent scandal at AIG.

Next, companies should not be allowed to control any market to a point where their solvency would cause a disruption in the economy. Those that exist, should be broken up into smaller operations under separate management. This will prevent huge bail outs in the future.

The government needs to return to a metal standard. By doing so, instead of depending on fiat money, currency will have a real value and thus the amount that things cost and are worth will be readjusted downward. 

In other words, a dollar will be worth a dollar again and the power of money belongs to the people, not the government. 

   

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1.) Jesus Christ Superstar: Andrew Llyod Weber and Tim Rice's masterpiece.

2.) Tommy: The movie needed a lot of help, but there's no disputing the genius of The Who's music.

3.) The Great Caruso: (Various masters composers, including Verdi, and Leoncevello) Introduced me to the wonders of this classic art form as well as incredible voice of Mario Lanza.

4.) The Pirates Of Penzance: The 1983 Movie is such fun to watch! And the music is wonderful. (Especially the late George Rose in the role of The Major General.

5.) Oklahoma!: Rogers & Hammerstien's tour de' force. One of the most done musicals in history. Need I say more? 

  

   

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I used to. When I was in sales years ago a good way to get my mind right for selling was to go buy something I wanted. It might not be a big thing, but the point was to rediscover the thrill of getting something new. In this way I could more readily relate to my customers. 

   

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