Comments on: Readers’ Thoughts on the Bailout Plan http://www.iconoclast-investor.com/2008/09/29/readers-thoughts-on-the-bailout-plan/ An investment blog that is NOT always part of the herd Mon, 30 Jan 2012 00:47:48 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Bruce http://www.iconoclast-investor.com/2008/09/29/readers-thoughts-on-the-bailout-plan/comment-page-1/#comment-600 Bruce Mon, 29 Sep 2008 16:07:03 +0000 http://www.iconoclast-investor.com/?p=604#comment-600 I also think that the 700 billion would be better spent on purchasing the houses that are going into foreclosure. Having those as a hard asset, which can be rented or have their loans restructured ( 45 years is possible ) so that the monthly payments closely match those that the original home buyers can afford. This will remove the excess inventory from the housing market, stabalizing pricing. The equity in the homes will be the guaranty of the lost equity in these bad loans or insurance on these bad. The housing could form the financial platform for many of our struggling social programs in the future. Let the financial markets deal with the remaining bad debt as best they can with minimal government funding. The banks need to get back to sound banking practices not fantastic financial schemes aimed at instant obscene profits. The people who attained these loans on marginal credit at best for the most part are Americans who are following the Dream, and if handled properly can be changed from a liability to a long term asset to the nation. Finally the nation and the world needs to reassured as to the overall stability of our system, every year we watch the Jimmy Stewart movie, It's a Wonderful Life. The worlds money is not sitting in Banks, it is in the bricks and mortar of our homes and industry in the cars and goods, commodities we have purchased. If at this time in our evolution the best we can do is panic we have no future as we have known. The lives we lead are far richer and diverse than our parents and grand parents could even dream of. We have created this reality through our dreams and imagination and together we can continue the dream. This can not be achieved through fearful reactions to the situation of the moment. All this said there is one final component to this most amazing of times. The course we have set is fraught with uncertainty at the environmental level, not just global warming but the very life forms that we have taken for granted for millenium after millenium, Fishing stocks are depleted, forest have vanished from some countries and are vanishing from others. We need a global conservatiship of all earths natural resources. How can we put a monetary value to this process how can we quantify all of these varied life forms? Thsi is work for the mathmaticioan and biologists, but an interseting starting point would be to consider The Redwood. How much would it cost to grow a 200' Redwood in space, we are building our ark, the stepping stone to the planets and beyond, taking life away from our planet. As we sell our forests for some times as little as a dollar a tree what is the true value of the planet that we have. Establish a true value and the asset value of the planet and then we can fund and finance the most amazing renaissance of the human story. All the best BR I also think that the 700 billion would be better spent on purchasing the houses that are going into foreclosure. Having those as a hard asset, which can be rented or have their loans restructured ( 45 years is possible ) so that the monthly payments closely match those that the original home buyers can afford. This will remove the excess inventory from the housing market, stabalizing pricing.

The equity in the homes will be the guaranty of the lost equity in these bad loans or insurance on these bad. The housing could form the financial platform for many of our struggling social programs in the future. Let the financial markets deal with the remaining bad debt as best they can with minimal government funding. The banks need to get back to sound banking practices not fantastic financial schemes aimed at instant obscene profits.

The people who attained these loans on marginal credit at best for the most part are Americans who are following the Dream, and if handled properly can be changed from a liability to a long term asset to the nation.

Finally the nation and the world needs to reassured as to the overall stability of our system, every year we watch the Jimmy Stewart movie, It’s a Wonderful Life. The worlds money is not sitting in Banks, it is in the bricks and mortar of our homes and industry in the cars and goods, commodities we have purchased. If at this time in our evolution the best we can do is panic we have no future as we have known. The lives we lead are far richer and diverse than our parents and grand parents could even dream of. We have created this reality through our dreams and imagination and together we can continue the dream. This can not be achieved through fearful reactions to the situation of the moment.

All this said there is one final component to this most amazing of times. The course we have set is fraught with uncertainty at the environmental level, not just global warming but the very life forms that we have taken for granted for millenium after millenium, Fishing stocks are depleted, forest have vanished from some countries and are vanishing from others. We need a global conservatiship of all earths natural resources. How can we put a monetary value to this process how can we quantify all of these varied life forms? Thsi is work for the mathmaticioan and biologists, but an interseting starting point would be to consider The Redwood. How much would it cost to grow a 200′ Redwood in space, we are building our ark, the stepping stone to the planets and beyond, taking life away from our planet. As we sell our forests for some times as little as a dollar a tree what is the true value of the planet that we have. Establish a true value and the asset value of the planet and then we can fund and finance the most amazing renaissance of the human story.

All the best BR

]]> By: Stacey Derbinshire http://www.iconoclast-investor.com/2008/09/29/readers-thoughts-on-the-bailout-plan/comment-page-1/#comment-592 Stacey Derbinshire Mon, 29 Sep 2008 13:00:16 +0000 http://www.iconoclast-investor.com/?p=604#comment-592 Hello. I like your site and wanted to know if you would be interested in exchanging blogroll links. Thanks in advance Hello.

I like your site and wanted to know if you would be interested in exchanging blogroll links.

Thanks in advance

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