Well, it took no longer than the extra shine of His Majesty's inauguration [sorry] coronation to wear off the average American citizen before the not-so-cloak-and-dagger tactics start to shape up around President Hotlink's spending agenda, which to say the least is [well...] appallingly huge. I'll give him this... he is consistent when energized to do so, apparently to him largesse will accomplish two thing: bankrupt the nation so we have to come to the drawing board with a "new" solution b) show European's that Robin Hood can be a true story... even if foisted upon a people that know socialism by any stripe you can call it?

• Foreign Banks investment in domestic restructuring, that is a flat out transfer of wealth.
• Cannot have the Fed step in and pay for something the private sector could prosper and quickly and more effectively.
• Continue with an out modded credit system that is woefully inadequate and does not meet the market quirks of today.
• Allow banks to issue non-secured debt to high walk away credit risks while home loans stay by-in-large unaccessible for no real reason. 

• Restructure our credit and lending structure first to give clear guidelines for taxpayers and banks expecially to be guided by, with the emphasis on your income being the prime determining factor in your credibility and set up rules for how much unsecured debt you can have owning a home and not owning a home, and loow for the flexibility for that to change as your lifestyle does.
• Turn the REO inventories over to the FDIC to allow them to liquidate without real estate lobby interventionism.
• Institute an across the board 25% write-down on the stated value of the loan balance of homes in super soft markets, and 7%-10% on the rest. Then chuck the "comps" system for housing values equivalence. Go back 40 years to county assosor values and the avergae rate of appreciation and use that as the forward guide with algorythms that account for modest increases due to populations density and demand.
• Ban HELOC's [home equity lines of crdit] for use with vanity spending, the one consistant argument one both sides of the political fense has been that folks were keeping up with the Jones'. Their equity should be for education, opening a small business or retirement purposes. Your disposable and investment income should go to vanity expenses. You want the new car, do it the old fashoned way, earn it.
• Cap the incomes of all Publically owned company CEO's as well as their net benefit packages, if you want an uncapped income, stay private and let the venture capitalists provide a solution for your grown needs. Once you go public, stability should be of paramount concern.
• Put the dollar back on the gold standard, our currency cannot be worth what we say it is simply because we say it is. It needs to be at least 60% vested in gold reserves. That will settle softness in inflated consumer goods prices and housing prices and ease our national deficit considerably.

 If we just start there, I strongly believe we will be well on the way to not only a stronger tomorrow, but a safer one as well. But the shifty eyed back room tactics right now are telling us anything we're ok, and more like this is business as unusual.

1. Bill Clinton not providing enough oversight during the S&L crisis: It opened the door for more abuses - it is he who gave the cow away and left milk everywhere.
2. Allowing Realtors to liquidate REO's for banks: That was a grand ethics violation right there ala, the 1992 Insider Information Act. Banks took an awful risk getting real estate agents to sell their non performing assets at market value. Boy, that sure makes up for a lot of  lot bank fees right there. The banks don't own that property in the traditional sense of ownership - brokers had no business in  the mix.
3. Not letting the public gain access to the REO inventories en masse: This was trickle down in the worse way. Only those who had the knowledge of the properties got access but was marketed as exclusive, and are back for more. Not so, the taxpayer had a right to access.
4. Misguided credit guidelines  for home loans:  What we have is antiquated and doesn't reflect changes in the market today.
5. Not capping the income and benefits:  The CEO's of public companies have different responsibilities once public, and self benefit isn't one.
6. Outside Investment Of Foreign Banks:  Enter the dragon, socialists see money differently than capitalists - and when allowed to invest in our infrastructure, we undermine it. When we allowed the speculators back in, all of a sudden the "global" concern over US market direction was paramount to liberal law makers; thus the continued deaf ear to drilling in our own back yard by the same. it was only a matter of time before this reached a critical mass.

1. Our credit system is to blame more so than anything first, it needs a major overhaul, it doesn't reflect the complexities we live in. 
2. Houses can't sprout legs like unsecured credit can, why is there an over emphasis on how good your credit is for home ownership, that is just bassackwards? income is the leverage not credit.
3. The government needs a personal credit fitness plan just like the USDA does for our daily diet, all based on some real basics.
4. Stopping the banks from throwing out these high interest low credit limit cards to any and everyone with good to horrible credit, this is the highest risk I know. Does it make sense that this is easier to get than a home you loose just as quick if you default on it? Probably not, there are no REO credit cards after default, this practice needs to stop, there is more of a risk than a home.
5. Make your credit worthiness based mainly on your earnings: If you want more credit get more income, it's that simple.. this will clean up the welfare rolls quicker than I can tell you.
6. Make it against the law for a creditor to disquialify you soley on score, they must consider total income net all debts in earnest and base your debt-to-income ratio on that. A system with realistic checks and balaces are far more systemicially empowering than a blanket pay out.

If we do these simple things to start, we will ignite an almost immediate engine of the greatest economic upheaval we have seen since Reagan.  In American our economy starts with the home. If it is slow there... everything else follows. If it is good here... wow! We cannot be matched anywhere in the world. Go figure on this, what voice in our political strata would have the most to gain from America's banking failure, connect those dots and look at their failure to improve our currency by allowing us to depend heavily on imported fuel by sources that would really rather not sell us anything. The apple doesn't fall that far from the tree on this one. We need true top to bottom reform of our credit system.  Owning a home may be a privilege and not a right, but every American has a right to participate. This fuels would certainly in my opinion participation, what do you think?