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alstry (35.41)

It is NOT about Mainstreet

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September 28, 2008 – Comments (2)

If another Politician says this banking welfare plan is about Mainstreet.......vote him or her out of office and call their bluff!!!!!!!!!!!!!!!!!!!!

If it is truly about mainstreet.......take the $700 Billion dollars......start a new bank called Bank USA with fresh clean capital......make it transparent.....with only a 10-1 ratio the bank would be able to make $7 trillion worth of loans and give 100% of the profits to Americans....$7 trillion of favorable refinancing should solve most of our problems.....

You want to watch a bunch of politicans and bankers wee in their pants......just suggest the above  option to them.

Otherwise restructure and capitalize the American way....no more BS banking welfare!!!!!

2 Comments – Post Your Own

#1) On September 28, 2008 at 5:38 PM, btown819 (95.27) wrote:

Your suggestion in no way addresses the problem.  If there was no problem and it was about main street, the nation would not be following your suggestion either.  Instead, the $700B taxpayer funded proposal wouldn't even be on the table.  Period. 

You know it must be serious when the politicians take time out from tooting their own horns and inflating their own egos even further.  You really think they'd take time away from their favorite thing in the world to dream up new ways to waste taxpayer money?  That's a stretch even for Washington.

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#2) On September 28, 2008 at 5:48 PM, UltraContrarian (31.30) wrote:

Instead of giving $700B to the Federal Reserve, set up 7 public $100B banks and have them compete to make loans to banks, businesses and homeowners.  That would give you a lot faster price discovery, of course the overhead would be up to 7x higher.

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