Professor Elam

3 responses to “Corzine Crashes MF Global”

1. 

   Valentin Tristan

   November 2, 2011

   Here is a suggestion on how to take care of the problem we have in the economy. Instead of throwing money like we have at programs like (TARP, FEDERAL RESERVE RESCUE EFFORTS, FEDERAL STIMULUS PROGRAMS, AMERICAN INTERNATIONAL GROUP, FDIC BANK TAKEOVERS, OTHER FINANCIAL INITIATIVES, and OTHER HOUSING INITIATIVES).
   According to this web site: http://money.cnn.com/news/storysupplement/economy/bailouttracker/
   The total invested (not committed) for all the programs above so far is 3 trillion dollars.
   According to this web site: http://www.census.gov/prod/1/pop/p25-1129.pdf
   “The number of family households is projected to increase by 15 percent (from 68 million in 1995 to 78 million in 2010), adding more than half of the growth in total households. As a proportion of all households, family households would decrease slightly from 70 to 68 percent.”
   The total household is projected to be 78 million in 2010.
   Divide 3 trillion by 78 million =38,461.54
   Now give this money $38,461.54 to every household in the US instead of the programs that are now in use, which have accomplished nothing so far.
   Can you hear that cash register ringing? In turn producing more work and stimulating the economy. If there is one thing that consumers do well is spend money.
   Consumers 70% of the economy
   All others including business 30% of economy
   Where should we be throwing the money at: at the 30% like we have been doing or at the 70% that knows how to spend?
   This can be done by whatever name one would call it: Grateful Laborious Advance Day or by the acronym GLAD, as in glad the government finally wise up and took care of its citizens.

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2. 

   Phillip Garcia

   November 2, 2011

   There are no crime laws for a bad business decisions. The world is full of bad business decisions, but nobody goes to jail unless there is some type of fraud involved. The only to solve these financial problems and fraud is create a department is the U.S. Government called the “Untouchable Financial Department” like the government did back the 1920’s and 1930’s for organized crime in Chicago. We need a “Financial Untouchable Agents” that will prosecute these bad financial actors. Moreover, give very heavy fines and jail time.

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3. 

   Valentin Tristan

   November 2, 2011

   Thats very good Phillip. I like the humor in it.

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