Once Again- The Alternative Financial Plan That Would Solve The Problem & Not Perpetuate It

[KittyWampus]

It's what we've told other countries with dysfunctional markets to do. It's what we did during the S&L crisis.

How many times does a rational DU'er need to provide the WORKABLE alternative that would solve this crisis most efficiently and move the US government away from being nothing more than a tool of a financial elite?

Here is the basic summation:

1. CLEANING UP BALANCE SHEETS BY IDENTIFYING TOXIC ASSETS & RESTORING REALISTIC VALUATION

Scale up FDIC
Wipe out shareholders
Replace failed management
Inspect balance sheets
Clean up bank balance sheets
Identify banks facing insolvency
Force banks to either be taken over by govt or write-down value of toxic assets
Transfer those assets to Government run agency
Have Govt sell off those assets

2. BREAK UP THE OLIGARCHY

Divide big banks into pieces by region or business type
Sell these resultant medium sized pieces

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[rcrush]

1. I can get behind this

But I dont know if this will actually happen. The Oligarchy owns everything already no one is going to tell them what to do.