Put Govt. Liason in Bailout Companies
Instead of blindly providing banks and auto makers with billions of dollars, immediately create jobs within those institutions by placing Govt. Liasons in those companies to "watchdog" the spending. The persons should not be former employees in the industry or politicians but intellects, scholars of economics and business. Their jobs would be to consult and act as a watchdog. If such a position was part of the CitiCorp meeting in which they discussed luxury jets, do you think it would have even made it to the agenda? Big Brother can't watch these companies from Washington. They have to be on the inside and the inside can't have a choice in the matter. Want the money? Here's the rules. 1. Any bonuses, training at 5 star hotels, jets, or "renovations" to luxury offices exceeding "X" must be approved by the liason and posted for the general public. Our money. Our knowledge.
2.A liason has to be inside and along side all budgetary meetings and decisions.
Information is power. Whatever is going on with this money has to be "viewed" and approved before it is spent. Not after. These crooks are the best at making reports and data say what they want it to say. Only people on the inside know what is really going on. If I want to know what is going on with my son's education, I open his book bag and see what's in there or more importantly what is NOT in there. I don't wait for the report card and say, "oh my gosh, what happened. I trusted you would do the right thing." The analogy, these executives/institutions are acting like children - treat them like children. Rules and discipline!!!