Investing to Wealth

Filed under: Economic data, Politics, Recession, Financial Crisis

You've asked people to give you ideas, so here's one: Don't recycle Bush's failed ideas and expect them to work. Each of those failed ideas has deep flaws. Instead, if you have to save the banking system -- and I would like to see how things would work if companies and people lived within their means rather than borrowing to pay for things that they can't afford -- then cull and capitalize or create new banks.

Here's what's wrong with the three recycled Bush ideas being floated:

Continue reading Memo to the President: Don't recycle bad bank fix ideas, get new ones that work

Memo to the President: Don't recycle bad bank fix ideas, get new ones that work originally appeared on BloggingStocks on Fri, 30 Jan 2009 09:45:00 EST. Please see our terms for use of feeds.