[lbo-talk] back to the economy for a sec

[parthasarathy kalalesrinivasaranga]

When the economy is good they gain and when it is down, then also they
gain..that is what is this bail is about. For lesser offense people are sent
to jail.  However Paulson seems to be changing it to only buying Bank
shares.

Even in India, where there is no such serious crisis, the big business is
making a case for bail out and the government is planning to dole out. The
crisis is not real and it is phony. Nothing will happen if the financial
market collapses. I am for declaring all the occupying home owners as
owners by foreclosure and we will  renegotiate and give them all the time to
return their loans and no eviction. Those who have more than one home , they
need to be confiscated without compensation and allot to other homeless.
Government can create a separate entity with sovereign right to issue credit
needs for production in real economy. Allow  inefficient  units to die and
State to acquire their assets against their dues. The personal  wealth of
the bad managers of these entities must be scrutinised for illegal
acquisition.

-- 
paartha