Talk of nationalization is too easy-fire the bastards, clean up the books, wipe out the existing shareholders, re-privatize-all very easy to say. This does not answer what you are actually going to do with the toxic assets, where you are going to find people to run these vast organizations, the fact that wiping out shareholders will mean recapitalization will be very difficult.
I think it best to dictate strict pay and bonus limits, perhaps an excise tax on executive compensation throughout the financial industry, and then try to nurse them along to the other side of this abyss.
I read somewhere that the Indians do have such plans to seize them. But I hope we are thinking about it, too. I also read that the Pakistani weapons are simple to detonate, without the complex locks that most nations use.
Does anyone know whether the House-Senate reconciled bill now goes with a straight, up-or-down, majority vote, or will it be subject to filibusters in the Senate? Do we have to appease these three Republican Senators again?
We can make a contribution at the grassroots level. There should be an internet-organized effort to boycott any corporation that indulges in
executive pay ripoffs. Don't buy their products, don't have accounts with them, don't buy their stocks, don't allow their stocks in your IRA/401k.
Apparently mass transit advocates are not happy with the support they are getting. If we are not going to get the Republicans anyway, why not take the tax cut and family planning money, and put it in mass transit?
Nevertheless, the Secretary of State job is the one with the most potential upside for Clinton. If she gets some Kissingeresq successes under her belt, and impresses generally, as she well may, she might have put herself into a strong position to be Obama's 2016 successor. America's Golda Meier.
"if he wants to continue to fight this one out, it will have to be in a post-recount election contest."
I have contributed a little to Al for his legal expenses, and have to wonder how Norm is going to fund his legal contest. Surely there is no Republican insane enough to give him money for a hopeless fight?