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Bailouts Must Come with Equity AND Interest

By   Follow Me on Twitter     Message Rob Kall       (Page 1 of 1 pages)     Permalink

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opednews.com Headlined to H2 11/12/08

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Hank Paulson and Bush's cronies are ripping the American people off. Just look at the bank deal cut by Gordon Brown. Banks signed deals giving much higher interest rates on the stock the UK bought in their companies.

Now, Nancy Pelosi wants to get $25 or more billion to the big three auto companies, after already loaning them $25 billion. I say make a deal that's the best deal we-the-people can get, not a sweetheart deal for the auto companies. They've blown their leverage. They've shown that their management was phenomenally incompetent.

Sure, Speaker Pelosi, let's rescue the big three. But remember that the stoc is the lowest it's been in 60 years. Do NOT allow the management that has almost killed the industry continue to run it.

Buy the big three-- outright. Extract legitimate interest rates that a responsible business would charge for companies at high risk.

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Then, put together as part of this deal, some tax packages that reward consumers for buying from the big three-- buying the most energy-saving vehicles That way, the total package-- the purchase of the big three-- if not total purchase, then major equity-- and the setting up of tax incentives, will insure the future of the companies.

Bush and Paulson have already shown that it's okay for the government to take over major companies. This approach-- getting equity or total ownership AND interest has precedent already set. Tying tax breaks to supporting the investment in the companies AND in reducing our dependence upon oil should be an idea that receives bi-partisan support.

The thing we don't want to see is congress handing a gift to the failed leaders of the auto industry. That would be a terrible failure of congressional leadership.

 

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Rob Kall is an award winning journalist, inventor, software architect, connector and visionary. His work and his writing have been featured in the New York Times, the Wall Street Journal, CNN, ABC, the HuffingtonPost, Success, Discover and other media. He's given talks and workshops to Fortune 500 execs and national medical and psychological organizations, and pioneered first-of-their-kind conferences in Positive Psychology, Brain Science and Story. He hosts some of the world's smartest, most interesting and powerful people on his Bottom Up Radio Show, and founded and publishes one of the top Google- ranked progressive news and opinion sites, OpEdNews.com

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Rob Kall has spent his adult life as an awakener and empowerer-- first in the field of biofeedback, inventing products, developing software and a music recording label, MuPsych, within the company he founded in 1978-- Futurehealth, and founding, organizing and running 3 conferences: Winter Brain, on Neurofeedback and consciousness, Optimal Functioning and Positive Psychology (a pioneer in the field of Positive Psychology, first presenting workshops on it in 1985) and Storycon Summit Meeting on the Art Science and Application of Story-- each the first of their kind.  Then, when he found the process of raising people's consciousness and empowering them to take more control of their lives  one person at a time was too slow, he founded Opednews.com-- which has been the top search result on Google for the terms liberal news and progressive opinion for several years. Rob began his Bottom-up Radio show, broadcast on WNJC 1360 AM to Metro Philly, also available on iTunes, covering the transition of our culture, business and world from predominantly Top-down (hierarchical, centralized, authoritarian, patriarchal, big)  to bottom-up (egalitarian, local, interdependent, grassroots, archetypal feminine and small.) Recent long-term projects include a book, Bottom-up-- The Connection Revolution, debillionairizing the planet and the Psychopathy Defense and Optimization Project. 

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