Good news,
Congress still hasnt blown 700 Billion on a Wall street Bailout.
1. Why send 700 Billion to Wall Street when we could use my plan below. Giving money to the banks because the people they are loading up huge interest mortgages on cant pay ?
1. Pass a law to fix all the current mortgages interest rates to 6 percent.
2. Provide assistance to the home owners to get by in these tough times.
- the Banks wont go under because the mortgages will not be bad.
Admittedly, the poor banks wont reap massive profits .... too bad.
Also , how about passing a law to limit executive compensation. compress pay scales so the ceo of a company can only earn 10 times the pay rate of the lowest paid salary employee of the company. This will help the low paid employees.
Make vice presidents salaries be limited to 8 times the lowest employees salaries.
and so on down the line.
Thats all for now from Russ.
