Here’s what the adult needs to do now:
1. Find out the true value of the financial mess that needs to be bailed out. About $700 billion is not good enough. We need to know WHO will be bailed out and what the ACTUAL COST WILL BE. To say we don’t have enough time to determine this is crazy. No bank would make a loan if they don’t know whom they are making the loan to or the amount they are loaning. Our Federal Government cannot make a loan of this proportion without this information. If we have to close down the markets for two weeks or two months in order to find out, so be it.
2. Set up regulations on the institutions that are to be bailed out. Among these are of course, restrictions on the amount of compensation to be given to the CEO’s who allowed the bad decisions that drove them to insolvency. No money will be used for political lobbying is another necessary regulation.
3. A fund must be set up to insure that diligent homeowners will not have their mortgages foreclosed due to inflated interest rates or the failure of the economic policies that allowed this major crisis. All mortgage holders who are earnest in wanting to keep their home mortgages must be given the opportunity to refinance at a rate that is fair.
4. Regulations on future lending practices need to be completely examined, loan packaging, stock market practices preventing naked selling and restoring the uptick rule, regulations on other shoddy behavior of hedge fund managers all need to be addressed, but not as part of the immediate crisis.

Let’s be adults about this. Surely America can withstand this financial crisis. Surely we can be calm and thoughtful in making these decisions. We do not need to hurry into a frenzied, sloppy attempt to correct a situation that has been a long time in coming and will take a long time to repay. There is always time to think through a situation and come to a rational decision.

It is already 9:15 am (PCT) (which means I only have 45 minutes to get this to print, and my computer is running very slow), so I will use the asterisk for my picks. I will try to give the stats so far during the day. Have a nice game day ya’ll!…

It has been over a month since our Vets have returned home, and they have some true reporting to share with us. They went back to Iraq to seek the truth. They remember what it was like when they left in 2006, and they can tell if there is any REAL…