Fire Paulson, Bernanke, and Spend Like Mad: Advice for the Next President

let us make sure that none of the 700billion earmaked to rescue wall street goes into the many esoteric investment vehicles dreamed up by wall street and that the money goes only to purchase loans preferably from individuals aboutr to loose their homes or to make modifications on the same loans in order to reduce the payments to the borrower. This crisi has been entirely fabricated by wall street and not by the so called main street individuals. Jaime

Yes - fire Faulson and Bernanke. At the same, Nancy Pelosi should remove Barney Frank just before she resigns. Harry Reid should remove Christopher Dodd just before he resigns. Pelosi, Reid, Frank, and Dodd are just as culpable as anyone else in this mess. It was their job to monitor credit markets. They took campaign contributions from those companies instead. They should be forced out of office then put on trial for corruption.

Wipre the debt out? Starting Tomorrow all debts are canceled? Debt forgiveness? Yeah, that's the ticket. Starting tomorrow you don't owe anybody for anything you have borrowed.

Wow radical ideas that will take a long time to set up anad regulate to make sure the plans are not unrealistic and overly optimistic of helping a system that because of non-regulation and blanket greed from the top down has left "top" companies crumbling.Personally there are too many "talking heads" from news commentators that love to hear the sound of their own voices to weak sounding ,nothing postivie , its all going in the toilet Bernanke. people ARE watching we ARE listening and we are willing to sacrifice, but we seem to be doing all the cutting and saving and paying. If you want to instill confidence then WALK your talk FIRST. Govt make cuts , pay for things without really getting any value and sacrifice for the greater good then we may have confidence again.

Bad advice that didn't work for Japan and it wont work here.

bad advice that didn't work for japan and wont work now.

Roubini has been right all along. Sorry you don't like gloom and doom, but it's time to wake up.

And after all this spending, declare default Argentinian-style. Good idea.

Yeah, great question. What do we need them to do to get us out of this? Genius! How about, "should we do anything?" Give me a break! Reduce the balance on these mortgage?? These guys are stupid. In other words, what do we do to bail-out irresponsible risk-taking people. Real nice ROUBINI!

What I can't buy into is the thought that we need to writedown everyone's mortgages. If you are under water, in most zip codes, that means you bought a house in the last 5 years. And if you can't afford a house you bought in the last 5 years: then 1) you lost your job/health crisis, or 2) you bought a house that you cannot afford. If 1), then it's sad, but you need to adjust your lifestyle, not steal money from your children (government deficit bailout) to stay in a house you can no longer afford. If 2), then you were speculating and buying something you cannot afford. Go Bankrupt, because people deserve to see your irresponsibility on your credit.

Sorry about that. I hit a wrong key before my remarks were completed. I was saying that we really don't have too much time to get this into effect,if it is to do some good.Mr. Bush's 150 Billion helped a lot of people that really needed it. JIM

Silver Surfer???? Where are you at when we need you?

Don't forget Cox

Good news! Reaganomics works! The rich got richer and then trickled all over the economy. The disaster will create jobs aplenty as we spend the next 20 years removing the urine stains. This is the same logic as Zorg in the 5th Element.

thanks Aaron and Henry for the great reporting over the last few months -- you offer a great alternative news source. Roubini is right (as usual). A progressive investment in infrastructure is the right way to go -- reviving and electrifying the passenger rail system in the US will help w/ energy independence --- other infrastructure projects will lay the foundation for a healthier economy and boost several industrial sectors -- First, we need to put a stake in the heart of republican/conservative fiscal terrorism.

Nice article here is another suggestion to put money back in all American pocket: Issue a Presidential order that for the next 4 years all mortgages in America - and I mean ALL - should be reduce to a 3% interest rate 30 years terms or even 50 years terms like Japan does - this will allow immediately more people to keep their house and put money back immediately in the pocket of American people. Next take that 4 years to review all these special financial investments and price them accordingly.

3 trillion plus was MADE by short sellers .. THEY have to be investigate for INSIDER TRADING .MONEY NEED TO BE TRACKED ..LOT OF PUBLIC OFFICIALS IN FEDERAL GOVT ARE ON TAKE TO CLOSE THEIR EYES to CORRPTION , TREASON SHOULD BE the CHARGES. YOU CAN NOT CONQUER EVIL YOU HAVE TO TO DESTROY IT OR IT WILL GO ON FOR EVER. MARKET FAILURE WAS PANNED SO That RICH CAN ACCUMULATE ALL MONIES. NO ONE SHOULD BE ALLOWED TO HAVE MORE THAN % BILLION IN asset or THEY WILL FIND WAYS TO CORNER ALL MONIES OF WORLD . 1 percent will have 99 of money . ALL AMERICANS ARE DUPED THIS WAS NO ACCIDENT IT WAS PLANNED

So the good doctor wants a new New Deal. As if the old one ever worked. All it does is to blow another bubble - this time infra-bubble! And that's where Goldman Sachs and Morgan Stanley were heading before they changed their status. This guy is clearly fishing for some official position in the new administration.

I will try again. Take the 300 Billion,Roubini is talking about and distribute it to the 250,000+ households in this country. This would be better than public works,at this particular time.The public works can also,and should, be done asap. This would get money flowing into households,where it's really needed now..In the mean time the 700Billion bailout can go forward,to give relief to our financial markets. This has to be done!!!!! Roubini has been right on, for the last 6-8 mos That I have watched Tech Ticker. Some folks don't want to hear the truth. They need to look at themselves. ADIOS Y'ALL JIM

Those of you that wonder how McCain could even suggest buying back bad mortgages.....it was already written into the bailout bill. This was a way to drop ACORN but still get what ACORN wanted. Obama has already said he was going to do the same thing. Guess what? Its a done deal, compliments of the democratic party.