Disagree that the Paulson plan will fail. Remember, Bernake supported it too, and he’s from acedemia, not Wall Street.

We’re in a new era. Launching a process to add criminal charges to those who have already lost their industry and jobs is not worth the time. A few ‘trophy’ scores could be made but it’s really not worth the time. even those that did not lose their fortunes have lost their dignity and professions and that’s good enough.

The current steps taken by Paulson, the Fed and world banks will rocket-launch the global economy at some point within the next 6 – 18 months. But then we’ll be careening towards the next bubble burst and inflation. We need steady but dynamic gains from a bottom-up perspective.

The governments should be direct-lending to small businesses and funding entrepreneurs in fields worthy to the world. We need a NEW New Deal centered around strategic lending and not just spending. This would yield steady economic growth from the bottom up and the government would not be motivated by enormous commissions, bonuses and executive stock options earned in the short-term; the government would be motivated only to work in harmony with business to ensure a stable, diverse and growing economy; and the bringing of products to market that we need like alternative energy. The government would make money via receipt of loan payments, reclaim most of the principal and spur economic development, thereby increasing tax revenues so that more services can be provided.