Friday, February 13, 2009

FINE TUNING THE STIMULUS

If the bailout for Free Business Enterprise Businesses is to save jobs, then shouldn't funding to these businesses be limited to Payroll expenses?

And, if the bailout for Banks is to stop the foreclosures, why not limit the funding to the interest on foreclosed loans with interest set at the current interest rate? Banks cannot foreclose on a mortgage if interest payments are made, and if the mortgagee cannot afford the interest on the mortgage, they are in a house that they cannot afford.

Responsible credit regulations should be enacted and enforced to prevent a credit crisis in the future. Responsible regulations for corporations should be enacted holding Executive Officers responsible for irresponsible actions that lead to a similar crisis in the future.

Too Simple???

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