There are clear cut solutions that will fix the problems almost overnight:

1) Repeal the Gramm-Leach-Bliley “Financial Modernization Act” that got us into this catastrophic financial mess starting in 1999.

2) Reenact the Glass-Steagall Act in its entirety which would have prevented the whole problem

3) Freeze all derivatives and have the US and global governments declare then null and void in exchange for the return of premiums paid for them, and then ban them entirely.

4) Start prosecuting the criminals who caused the problem including all of them on Wall Street and in the government

5) Break up the mega-banks under the newly implemented Glass-Steagall Act and DECENTRALIZE their operations and return power to local communities

6) Place any company that is insolvent into bankruptcy and do orderly workouts or liquidations as necessary of these companies, including GM, Chrysler, AIG, et al.

7) Cut government spending to amounts so they are less than government income and start paying off the $11 trillion national debt which itself will put money into the private sector to revitalize itself legitimately through investing those proceeds into new lending to worthwhile companies and individuals

Overhaul the election system to get honesty and accuracy so that we truly get properly elected individuals into office and eliminate election manipulation and fraud

9) Form regional citizens committees to advise on how to overhaul the government budget in order to get value from all of the spending

10) Get the Federal government out of all matters which should be the sole responsibility of the states and eliminate federal mandates for spending to the states, which will solve the states spending problems

These ten steps will largely solve all of the problems facing the US and would get us rapidly on the road to a new and vital American recovery with a stable basis and they would provide real hope that we can take matters as Americans into our own hands and use the “best and brightest” approaches to solve our problems and restore prosperity for all Americans - and not just a few at the top of an increasingly corrupt system.

Related Posts:

• There are clear cut doable solutions that will fix the US economic problems almost overnight:
• The “sweeping new financial regulations” that Toxic Timmy should be proposing are as follows:
• It’s difficult to have optimism when the U.S. is piling on insurmountable debt.
• Nov 2, 2010 is only 291 days away!
• In the 1930s over 11,000 banks failed.

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