1-take the 700 billion and not bail out the companies that did the bad loans but rather take half and give to the people and half to the banks
After all the reason most of the companies are in trouble are b/c of the bad mortgages and loans they let out
COND1—the companies will be placed under tighter restrictions so they cant get themselves into the current situation again
COND2—for the individual to be able to take this money they have to agree to mandatory educational course that will teach them the basics of money management and a sign contract, punishable by law that they must follow
2--Crank up the difficulty and punishments for bankruptcy, limit it to 2 , after that see below
3—Bring back debtors prison, have them work to pay off the debt owed, making American made products that the sale of will go to the companies owed
Since the root of the current problem seems to be the lack of education on both parts about what to do with money and what it means to take out a loan this is a two step process to stop, then reeducate to solve the problem
Also by bringing harsher restriction about you help “put the fear of god” into people and can avoid most problems, I know a family that has been able to file for bankruptcy y &…yes & times with no penalty at all!
