All most people including me seem to do is complain about Rudd and others efforts to stop the financial rot.
So let's put our money where our mouth is and offer solutions instead of complaints.
I'll go first -
I would basically let the market go free .......no bailouts except that I would support the banks in return for shares and seats on their boards.
The banks would then be required to buy other financial institutions that fail, thereby protecting depositors and people who had motgages with them.
All funds that would have been used for bailouts would be used to assist the hundreds of thousands that would be thrown out of work.
All retailers who couldn't cope would be let go, Harvey Norman, JB Hi Fi, Myer and David Jones, no stimulous package to fuel retail spending, no handouts to the public to fuel retail spending.
Keep interest rates down then as things tumble to a low point new players will see opportunites and buy in and start to employ people again.
I think Peter Schiff is right. I would follow that path.