Intererest Free $10,000,000 For Every Fool!!!!!
May 03, 2010
– Comments (9)
Alstrymous proposes the following for every reader of Motley Fool:
1. An Interest Free loan for $10,000,000 from either a bailed out Wall Street bank or the Government.
2. Every Fool will guarantee principal repayment in 10 years by investing that money in ten year treasuries currently yielding 3.7% and deposit it with such bank so it can be used for capital further improving the balance sheets of our banking system.
3. In an effort to be patriotic and reduce our national deficit...every Fool will agree to give half the profits from the interest rate spread to a proposed Alstrymous Non Profit Deficit Reduction Fund where all proceeds will be applied to paying down the national debt.
4. After peforming their civic duties to a far greater degree than most bailed out bankers on a relative basis, each Fool would be earning about $165,000 per year in interest and the government would never have to worry about being paid back as principal repayment is guaranteed by the government through the treasuries.
I know $165,000 per year is not as much as the bankers are making right now...but it is a good start on our nation's road to recovery. After all, the bankers are getting a lot more in interest free loans than Alstrymous is proposing...plus we never want to be accused of being greedy.
Further, I would be willing to donate my $165,000 to any charity that is willing to produce jobs, help humanity and further increase the tax rolls to improve the economy/employment outlook.
And just think....people actually accuse Alstrymous of not proposing solutions.
Here it is......as we enter The Digital Age.........let's hope some terrorist act or natural disaster doesn't derail this ideal solution to the current problems facing our nation.
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