Comments on Let's Talk Bailout Plans

Re. number two on your wishlist: the feds actually did boost funding for federal student loans in May -- everybody eligible for Stafford loans is getting $2000 more in unsubsidized loans per academic year than they were last year, which has helped out the students at the school where I'm a financial aid officer in huge, huge numbers. The same bill (H.R. 5715) also got everybody eligible for the Pell grant $500 more per year than the Department of Ed had budgeted for.

I'd maybe edit your wishlist a little on this one -- start targeting private student loans from lenders like Sallie Mae, AES, and Wells Fargo for payoff, expand Pell and Perkins eligibility, and increase subsidized Stafford funding, if you really want to help out students.

Smartest yet most out of reach.

Further, the second that a swedish model plan is rolled out, i'm buying as much SKF as possible. Crashing the prices of financial equities is going to make mint.

McCain is thinking if he had a little more free time, he could cook up another Chewbacca moment like Palin and score a late October bounce.

Writing to your elected official is ok. I think your socialist agenda might require a bit more than that, though.

After sitting through a boring as hell benefits meeting yesterday, I'm all for nationalizing health care.

I'm with my man Barack: cut taxes for the middle class.

Oh yeah, and locally don't vote to impose taxes on the middle class (all three measures on the ballot this November should be rejected).

Be like Barack!

Equity! I want some fucking equity! If you participate, I want warrants issued that would allow for the purchase of 5% of all authorized shares at 50% of the 52 week low price on the day the bill passes, with the right to exercise them beginning in two years, no expiration for at least ten years. It imposes some pain by being pleasantly dilutive, gives us some stake in the companies, and if the whole thing works, in two years, we might actually turn a profit.

Gitai--

I'm with you. Of the plans swirling around Washington, which do you think does the best job of achieving that?

Thanks for bringing up Glass-Steagle--I read that in the NY Times a couple days ago, and the assumption seemed to be that since the last investment banks would merge with commercial banks, that was somehow better. What? Is it any surprise that less than a decade since we deregulated the banking industry that it collapses?

Why does nobody mention that President Obama will REDUCE TAXES for 95 PERCENT of all Americans, while President McCain would RAISE TAXES for 95 PERCENT of all Americans?