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.
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