After yet another day of the dow dropping they are saying that we need to throw the kitchen sink at it to see what helps.
An idea came to me that might work.It seems to me that they are working on the wrong end if they think throwing good money after bad will help the banks. I believe that they must put some regulations back in place. The banks as far as I am concerned can go under if they did not make good choices.
I think they should take a large chunk of that money and sink it into Social Security. Who is getting hurt the worst in the short run. Retirement plans for those folks that have invested. By pumping up SS they can help the population that is the most dependent on the income. Then if the banks fail, the normal Joe will be covered by FDIC.
No one seems to have the answer, I am certainly don't have a degree in economics but I think we have to look outside the box.
So what ideas do you have? We can't do any worse than the folks we have in DC.