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September 29, 2008

Yeah, they'll pass a bailout bill

The Dow is down 500 as I type this on news that the House rejected the bill. I think maybe another 500 points in the negative might be enough to get the deal done. Or 1,000? Ve have vays of making you bail.

Posted by Jay Hancock at 2:18 PM | | Comments (5)
        

Comments

It's most disturbing that the politicians are actually representing their constituents. That's great most of the time, but in this case, constituents are complete idiots.

Don't they have advisers telling them to sign the damn deal? Why are they listening to idiots who can't see the writing on the wall?

This isn't about rich vs. poor. This is about correcting mistakes without suffering the fullest of consequences -- total elimination.

Idiots!

No! They will not strip the next generation. Thank you!

How about, I got nothing, can't fall too far. You got alot? Gonna hurt you bad I take it? Tough. Welcome to poverty, sucks to be smart and poor don't it? Guess you might have to go get one of those jobs Americans won't do.

THE TOP OFFICIALS HAVE TOLD PEOPLE THAT THE REASON FOR WALLSTREET BAILOUT IS BECAUSE OF A MORTGAGE CRISIS THIS IS NOT THE ISSUE. THE REASON FOR BAILOUT IS BECAUSE A CREDIT FREEZE, THE BANKS INABILTIY TO LOAN MONEY AND IF LOANS ARE GIVEN THEY ARE GIVEN WITH HIGH INTEREST RATES. THE FLOW OF MONEY IS THE PROBLEM. SO TO GET LIQUIDITY ESTABLISHED AND PREVENT THIS FROM HAPPENING AGAIN A HAVE COME UP WITH A DETAILED PLAN:

1. COMPANIES AND ONLY COMPANIES WILL TAKE PART IN PROFITS FROM CREDIT DEFAULT SWAP TRANSACTIONS, BETTER KNOW AS SHORT SELLING.

2.COMPANIES WILL ESTABLISH A CAPITAL GOVERNANCE COMMITTEE (C.G.C.) WITHIN ITSELF OR HIRE A FIRM TO HANDLE ALL (C.D.S.) SHORT SELLING PROCEDURES AND PROFITS. THIS WILL BE A REQUIRE IN ORDER TO BE A PUBLIC TRADED COMPANY.

3. C.G.C. WILL REPORT ALL EARNINGS FROM SHORT SELLING TO S.E.C. ON A BI-MONTHLY BASIS ALONG WITH COMPANY EARNINGS TO DETERMINE CORRECT VALUE OF COMPANY AND ASSETS. REPORTS FROM C.D.S. AND REGULAR EARNINGS WILL BE SEPERATE, BUT GIVEN AT SAME TIME.

4.COMPANIES WILL SEE NO PROFITS DIRECTLY FROM (C.D.S.) SHORT SELLING TRADES. 50% OF PROFITS WILL GO DIRECTLY TO SHAREHOLDERS OR TO INCREASING VALUE OF SHARES. ANOTHER 20% WILL GO DIRECTLY TO A (S.B.F.) SELF BAILOUT ACCOUNT, THIS ACCOUNT WILL BE SIMILAR TO A ESCROW ACCOUNT FOR COMPANY LOSS PREVENTION.

5.COMAPNIES WILL THEN SERVE THEIR COUNTRY AND COUNTRYMEN PATRIOTICALLY BY DONATIONS 15% TO NATIONAL DEBT AND ANOTHER 15% TO A EDUCATION OR HEALTHCARE FUND.

6.COMMITTEES WILL ENSURE THAT REDISTRIBUTION OF PROFITS FROM (C.D.S) SHORT SELLING IS ARE DIVIDED ACCORDINGLY. COMMITTEES WILL ALSO HOLD SHAREHOLDER MEETINGS TO DETERMINE WHETHER OR NOT SECURITY HOLDERS ARE SATISFIED WITH DISTRIBUTION OF PROFITS.

THIS BILL WAS CREATED TO GIVE INVESTORS ASSURANCE THAT THEY WILL PROFIT WHEN COMPANY PROFIT THE EXACT REASON WHY INVESTORS INVEST. THE (S.B.A.) SELF BAILOUT ACCOUNT IS FOR INSURANCE PURPOSES TO MAKE SURE COMPANIES AND SHAREHOLDERS DONT LOSE INVESTMENTS.BASICALLY TO PREVENT BUYOUTS, BAILOUTS OR BANKRUPTCY. THE 15% TO NATIONAL DEBT AND 15% TO EDUCATION OR HEALTHCARE FUNDS ARE A WAY FOR CONTRIBUTE TO ECONOMY.

COMMITTEES WILL ENSURE ALL PROFITS ARE DISTRIBUTED PROPERLY,RESPONSIBLY AND PATRIOTICALLY.

THIS IS MY PLAN

WILL IT WORK OR NOT?

SURE PEOPLE CAN INVEST IN "AMERICA" AS JIM KRAMER PUT IT AMERICA MEANING FANNIE AND FREDDIE WITH DIVIDEND REINVESTMENT PLANS FOR THE NEXT TWO YEARS CITIZENS HOMES SHOULD BE PAID OFF, THIS WAY MORE PEOPLE IN THE MARKET, CONFIDENCE TO BANKS AND LOANING ISSUES, PLUS NO BAILOUT JUST RECONDITIONING OF FINANCE

THE TOP OFFICIALS HAVE TOLD PEOPLE THAT THE REASON FOR WALLSTREET BAILOUT IS BECAUSE OF A MORTGAGE CRISIS THIS IS NOT THE ISSUE. THE REASON FOR BAILOUT IS BECAUSE A CREDIT FREEZE, THE BANKS INABILTIY TO LOAN MONEY AND IF LOANS ARE GIVEN THEY ARE GIVEN WITH HIGH INTEREST RATES. THE FLOW OF MONEY IS THE PROBLEM. SO TO GET LIQUIDITY ESTABLISHED AND PREVENT THIS FROM HAPPENING AGAIN A HAVE COME UP WITH A DETAILED PLAN:

1. COMPANIES AND ONLY COMPANIES WILL TAKE PART IN PROFITS FROM CREDIT DEFAULT SWAP TRANSACTIONS, BETTER KNOW AS SHORT SELLING.

2.COMPANIES WILL ESTABLISH A CAPITAL GOVERNANCE COMMITTEE (C.G.C.) WITHIN ITSELF OR HIRE A FIRM TO HANDLE ALL (C.D.S.) SHORT SELLING PROCEDURES AND PROFITS. THIS WILL BE A REQUIRE IN ORDER TO BE A PUBLIC TRADED COMPANY.

3. C.G.C. WILL REPORT ALL EARNINGS FROM SHORT SELLING TO S.E.C. ON A BI-MONTHLY BASIS ALONG WITH COMPANY EARNINGS TO DETERMINE CORRECT VALUE OF COMPANY AND ASSETS. REPORTS FROM C.D.S. AND REGULAR EARNINGS WILL BE SEPERATE, BUT GIVEN AT SAME TIME.

4.COMPANIES WILL SEE NO PROFITS DIRECTLY FROM (C.D.S.) SHORT SELLING TRADES. 50% OF PROFITS WILL GO DIRECTLY TO SHAREHOLDERS OR TO INCREASING VALUE OF SHARES. ANOTHER 20% WILL GO DIRECTLY TO A (S.B.F.) SELF BAILOUT ACCOUNT, THIS ACCOUNT WILL BE SIMILAR TO A ESCROW ACCOUNT FOR COMPANY LOSS PREVENTION.

5.COMAPNIES WILL THEN SERVE THEIR COUNTRY AND COUNTRYMEN PATRIOTICALLY BY DONATIONS 15% TO NATIONAL DEBT AND ANOTHER 15% TO A EDUCATION OR HEALTHCARE FUND.

6.COMMITTEES WILL ENSURE THAT REDISTRIBUTION OF PROFITS FROM (C.D.S) SHORT SELLING IS ARE DIVIDED ACCORDINGLY. COMMITTEES WILL ALSO HOLD SHAREHOLDER MEETINGS TO DETERMINE WHETHER OR NOT SECURITY HOLDERS ARE SATISFIED WITH DISTRIBUTION OF PROFITS.

THIS BILL WAS CREATED TO GIVE INVESTORS ASSURANCE THAT THEY WILL PROFIT WHEN COMPANY PROFIT THE EXACT REASON WHY INVESTORS INVEST. THE (S.B.A.) SELF BAILOUT ACCOUNT IS FOR INSURANCE PURPOSES TO MAKE SURE COMPANIES AND SHAREHOLDERS DONT LOSE INVESTMENTS.BASICALLY TO PREVENT BUYOUTS, BAILOUTS OR BANKRUPTCY. THE 15% TO NATIONAL DEBT AND 15% TO EDUCATION OR HEALTHCARE FUNDS ARE A WAY FOR CONTRIBUTE TO ECONOMY.

COMMITTEES WILL ENSURE ALL PROFITS ARE DISTRIBUTED PROPERLY,RESPONSIBLY AND PATRIOTICALLY.

THIS IS MY PLAN

WILL IT WORK OR NOT?

SURE PEOPLE CAN INVEST IN "AMERICA" AS JIM KRAMER PUT IT AMERICA MEANING FANNIE AND FREDDIE WITH DIVIDEND REINVESTMENT PLANS FOR THE NEXT TWO YEARS CITIZENS HOMES SHOULD BE PAID OFF, THIS WAY MORE PEOPLE IN THE MARKET, CONFIDENCE TO BANKS AND LOANING ISSUES, PLUS NO BAILOUT JUST RECONDITIONING OF FINANCE

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About Jay Hancock
Jay Hancock has been a financial columnist for The Baltimore Sun since 2001. He has also been The Baltimore Sun's diplomatic correspondent in Washington and its chief economics writer. Before moving to Baltimore in 1994 he worked for The Virginian-Pilot of Norfolk and The Daily Press of Newport News.

His columns appear Tuesdays and Sundays.
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