Wall street bailout plan defeated in the House.

[UnderseaLcpl]

Originally Posted by goldorak

What order I would like to see ?
How about one in which financial health is directly linked to industrial production. Where financial assets are linked with real tangibile things.
One where the risk of doing a bad operation is 100% taken by the financial istitution. Private profits ? Ok. Private loses also.
One order where self regulating markets are thrown out the window as experience has demostrated they don't work.
Just for starters, and this doesn't mean a communist or socialist state driven economy.
The faster americans learn this reality the better we're all going to be.

I'm a little confused on the first one, do you mean directly linked to all commercial output, or only industrial output? What about banks?

Next I assume you mean by going back on the gold standard or something. I'd be for that

And you're right to a degree about self-regulating markets. They do need some regulation to prevent fraud and ensure workers' and consumers' safety, but how much? I would argue for as little as possible.

Clarify just a bit more, please.