I had the opportunity to hear this gentleman speak on one of the talk shows when we lived in South Bend. He made a lot of sense. From his blog:
"Prediction: A scaled-down bill will be enacted by the end of the week. It will provide the Treasury with a first installment of $150 billion. Treasury can use it to back Wall Street’s bad debts with lend no-interest loans of up to two years, until the housing market rebounds. Or to invest in Wall Street houses directly, in exchange for stocks and stock warrants. There will be strict oversight. Congressional leaders will promise further installments, but with conditions calling for limits on salaries and relief to distressed homeowners."
That seems like something that Congress should have come up with. Instead, they bickered and placed blame when they couldn't get it together. Will somebody call this guy? It's not like he doesn't know what he's talking about: (from Wiki)
"Robert Bernard Reich (born June 24, 1946) is an American politician, academic, writer, and political commentator. He served as the twenty-second United States Secretary of Labor, serving under President Bill Clinton from 1993 to 1997. Reich is a former Harvard University professor and the former Maurice B. Hexter Professor of Social and Economic Policy at the Heller School for Social Policy and Management at Brandeis University. He is currently a professor at the University of California, Berkeley's Goldman School of Public Policy. Reich is also on the board of directors of Tutor.com He is a trustee of the Economists for Peace and Security."
Hello? Call him. NOW. Please let's get something going here folks. NO one can afford what is happening. Even the CEOs are selling off their millions of dollars in vacation homes. Get it together.
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