The previous bailout money, given to financial institutions, was a mess to say the least. To give that much money to anyone without guidelines, overseers (not affiliated with the institutions), or expressed penalties was totally irresponsible. Everyone with average intelligence and common sense could have foretold the outcome; everyone except the so-called "leaders" in the PACKAGE transaction. "Barney and his buddies" screwed up! But, it was only taxpayer money. I take solace in the fact that 1/3 of the Senate can be voted out every two years. Now, we have one more shot...maybe our last without unimaginable ramifications...to get this right. Are you looking for change? Let's redefine the role of financial institutions with regard to the stimulus money. With this new "Bag of Billions", let's not make financial institutions "keepers of the pot", but rather let the government "hold" the money. The banks will only get the principle funds filtered through their individual institutions based on the credible loans they approve, thus providing the incentive for them to get the lead out! I'm not a business guru so... READERS, LET'S HEAR YOUR OPINIONS!
Note: In lieu of ideas coming out of Washington, common sense ideas from Main Street will be the very things that save America.
May God bless America...and may America deserve it!
Zanne Booker 02-22-09