Thursday, December 3, 2009
Tarp bailouts badly handled
Rick Ungar has a very good analysis of why Tarp was a bad deal for the American people. Of course, I advocated that sortition juries should control the spending and it should be more finely aimed at preventing unemployment. And to deal with outrageous bonuses, those who ever received more than a million dollars in a single year, should have their spending limited to the median income or have a sortition jury release money. In other words, they can keep their money, invest it in approved investments, more on that later, but they can't live like a millionaire without a check on whether they were a constructive force in society.