Alternative Solutions to Government Bail-out

THINGS I'D LIKE TO SEE DONE:

Develop a fund to loan the banks that are still operating well the liquidity to make loans exclusively for businesses needing money for expansion, capital equiment investment... instead of the bail-out.

Cancel the issuing of all H2B Work VISAS in order to guarantee jobs in this slowdown for the Educated US workers (money that US workers will spend at home - in the US) which will give Americans a feeling that good jobs will be becoming available.

Find and PROSECUTE with force corporate heads that jimmied the books and hid problems; this will increase public support and faith in the government and the future of the economy

Inform the public that the banning "short-selling" brought back stocks in Enland on Thursday September 18th and had the same effect on the US on Friday September 19th when a Temporary ban was passed and is proof that these types of steps to regulate the market work.

COURT SUPERVISED LOAN MODIFICATION DURING BANKRUPCY: Reducing the interest to 2% or 1% or even Eliminating it so that the homeowner understands this equals a $150k, $200k reduction or more (depending on the loan amount) in what he is ultimately paying for his home (with the advantade that this type of reduction only helps if he keeps the home and mortgage for more than 10 years so it encourages keeping the mortgage and working it out) and this also SIGNIFICANTLY reduces his monthly payment, which can be extended to 35 or 40 years if necesary. Plus does NOt add to the impression that Home prices are dropping and will drop more, which lowering the mortgage amount might add to that perception.

Open Letter to Senator Dodd

Dear Senator Dodd,

I am so glad to see that you are trying to put some limits on this free ride for the Investment Banks and Brokers who invested and pushed securities based on sub-prime loans that lead to this debacle.

As you have indicated, stripping executive's of their bonus packages definitely needs to be a part of any bail-out in order to reflect the Losses they have caused their companies and the taxpayer.

I am very suprised that the FED and the TREASURY has come up with ONLY ONE IDEA to offer congress on what to do when they should be responsible for offering more than one possible solution especially when rewarding Investment banks and brokerage firms and their heads for making self-serving decisions will flag individuals with upsidedown mortgages to walk away from their mortgages so they TOO can get a free ride. Which is why I Strongly share your concern that "There is no alternative idea out there with resources available if this does not work."

Will we have the resources to Cover the FDIC insured deposits and programs to stimulate growth? Look at what happened with the last blank check and sweeping new powers we gave the Bush Administration. Also, it seems to me that the market is no longer AS out of control as it was and smaller surer steps would be more reasonable. I think the FED and TREASURY should be requiered to provide those alternative ideas.