Let 'em go bankrupt. Fuck 'em. Then buy out a few choice firms lock, stock n barrel --the BoA Option, only the "nice" assets-- with US debt, since US has no funds. Contract, say, Robert Half International to recommend management hires and retain labor, pending redundancies. Run the whole damn thing NON-PROFIT to repurchase treasuries, THEN run 'em FOR PROFIT to competete with FRB subsidiaries.
That's the way a government TRUST does business.
Pay dividends to common shareholders, ya know, all the contribution defined 401(*) plan participants who currently believe their "retirement" mutual funds --strictly capital gains, mind you, on cash out-- are sufficient living wage beyond one year. Diversity is the key to economic and political evolution.
You know, if they take too long to crash and burn, it might make sense to declare war on the financial meltdown and let the military commandeer the banks for a few years ;) -- $E(X_t|F_s) = X_s,\quad t > s$
just as seeing all the lawyers and magistrates out in pakistan this last year gave a new twist to 'street protest', this gives new meaning to the term 'coup d'etat'.
the proof to me is in the fine print, the unaccountability...this is where the mask of democracy flakes off completely.
we're asking nicely....
there's no need for bloodshed of the old 'hack'n'hemorrhage' variety, with inflation our removing a few cc's of blood from your veins daily, and your children's, and their childrens', you'll barely feel a thing.
one of the reasons life has been so hard for so many these last decades (of peacetime), is costs of past wars amortised to a penny a day for everyone, on and on and on, paying back the interest on loans to buy weapons, that kill people (future productivity), and destroy infrastructure (architecture is living history).... ~"When an inner situation is not made conscious, it appears outside as fate." Karl Jung~
