Financial Shakeup this weekend

[nplenzick]

emayer wrote:

No intervention in stabilizing the mortgage crisis. Allow free market forces to play this out. A harsh and costly lesson indeed on the scale of the Great Depression, but one that will likely strengthen individual's and governmental fiscal responsibility moving forward.



Consider the creation of industrial zones with loosening of some environmental restrictions in these dedicated areas. Alternatively, taxation of industries within these areas can be reduced to assist in environmental compliance. Geographic consolidation will permit companies to collectively address environmental issues further reducing cost burden.

Aggressive pursuit of alternative energies including the reintroduction of nuclear power.

I agree with most of what you have suggested except these three statements.

I'm all for not bailing failing financial institutions but right now we have to do what ever it takes to keep this country out of a depression. Maybe your parents weren't old enough to live through it but mine were. It's something you and your children do not want to experience, believe me!

Why give any consideration to loosening environmental standards to industry? Unless you want this industrial zone in your backyard. This is just a step backwards as far as I'm concerned and just another excuse as to why we can't be competitive in the market place.

Nuclear power, well if and when they can ever make the disposal of the waste safe, then maybe. But I still remember what happened at Three Mile Island and how close we came to a complete melt down.