A New Way Forward

[K Carlson]

A New Way Forward, a grassroots movement, is organizing protest rallies around a "progressive approach to economic recovery".

The Idea

"NATIONALIZE: Insolvent banks that are too big to fail must incur a temporary FDIC intervention - no more blank check taxpayer handouts.
(see Krugman)

REORGANIZE: Current CEOs and board members must be removed (see Simon Johnson)

DECENTRALIZE: Banks must be broken up and sold back to the private market with strong, new regulatory and antitrust rules in place--new banks, managed by new people. Any bank that's 'too big to fail' means that it's too big for a free market to function. (see Mike Lux)"

The protests are scheduled for Saturday, April 11 at 2:00 P.M. EDT in major cities across the U.S. and Canada. For more details, please visit their site http://www.anewwayforward.org

It's not a new, independent party, but it's "one small step".

[vanvaley1]

Re: A New Way Forward

Somebody needs to start the "Middle Class Party". Put integrity as the number one virtue and enforce it...any party politician that breaches it gets dismissed. It's not as if there aren't enough good ideas about what the principles or polcies should be in running a party. Get down to basics and work from there. Health is first. If you're sick get the system to fix ya. I mean, a dead employee hanging over a lathe is a downer on morale...not to mention a drag on production.

Might be a good idea to lay out the different kinds of banking systems folks could choose from. Kind of a smorgasboard approach. Nothing wrong with reforming this one like ya want...but is that better than an alternative one? I believe somebody here posted an article about a state owned banking system in North Dakota. Generates a surplus, makes money, some profits go into the general fund of the state, it's in the black, conservative and sound banking practices, etc. etc. etc. Then there's the Swedish model. Which country runs a banking system where the nationally owned bank competes with privately owned banks?

[Sharky]

Re: A New Way Forward

Somebody needs to start the "Middle Class Party". Put integrity as the number one virtue and enforce it...any party politician that breaches it gets dismissed.

+1. Instead of the "Peace and Freedom" party that grew out of the Vietnam war, maybe we need a "Truth and Justice" party.

[WildspitzE]

Re: A New Way Forward

... and antitrust rules in place....

anti-trust? huh?

[Retired Commish]

Re: A New Way Forward

What a breath of fresh air! I agree wholeheartedly with Mike Lux. We have to eliminate the whole category of 'two big to fail'. Look at the positive results of breaking up AT&T. They were once 'too big to fail' although they never went that far. Unfortunately, the whole FIRE economy has been built around eliminating the lower end of the food chain and that's quite unnatural.
Same experience in Finance and Insurance with the same result!

[K Carlson]

Re: A New Way Forward

Somebody needs to start the "Middle Class Party". Put integrity as the number one virtue and enforce it...any party politician that breaches it gets dismissed. It's not as if there aren't enough good ideas about what the principles or polcies should be in running a party. Get down to basics and work from there. Health is first. If you're sick get the system to fix ya. I mean, a dead employee hanging over a lathe is a downer on morale...not to mention a drag on production.

Might be a good idea to lay out the different kinds of banking systems folks could choose from. Kind of a smorgasboard approach. Nothing wrong with reforming this one like ya want...but is that better than an alternative one? I believe somebody here posted an article about a state owned banking system in North Dakota. Generates a surplus, makes money, some profits go into the general fund of the state, it's in the black, conservative and sound banking practices, etc. etc. etc. Then there's the Swedish model. Which country runs a banking system where the nationally owned bank competes with privately owned banks?

You nailed it; integrity is the number one issue.

[vanvaley1]

Re: A New Way Forward

+1. Instead of the "Peace and Freedom" party that grew out of the Vietnam war, maybe we need a "Truth and Justice" party.

That's a good name. Think ya might reach a larger constituency with 'middle class' associated with it.

[vanvaley1]

Re: A New Way Forward

You nailed it; integrity is the number one issue.

Ain't hard to nail. Ya can't trust anybody or anything anymore. Would like to see a product that wouldn't crumple in my hands or poison me, a politician who would 'do' what he said he would do, some oversight folks that would enforce the law rather than ignore it, a financial system who thinks that representing your financial interest means they have a blank check to use your funds any damn way they feel disposed, feel obligated to cover their gambling losses from your taxes, and don't have a problem lying or hiding secrets about their illegal, amoral, and just not nice all around behavior.