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Possible Solutions

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April 07, 2009 – Comments (3) | RELATED TICKERS: SWHC , RGR , FAZ

A solution that is MUCH fairer that has a MUCH better chance of working!

IMO, Khanacademy is an outstanding source for information; he has a viable solution here:

If you are not smart on Finance or banking etc... Khanacademy is a great place to get your learn on!

Here is Part II

3 Comments – Post Your Own

#1) On April 07, 2009 at 6:53 PM, portefeuille (99.60) wrote:

here is one on quantitative easing

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#2) On April 07, 2009 at 8:48 PM, SharpSEO (71.15) wrote:

A critic with a proposed solution, not bad. Sounds pretty reasonable to boot. Certainly moreso than the current clusterf&*k.

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#3) On April 07, 2009 at 9:06 PM, russiangambit (29.27) wrote:

I

I actually heard this idea a few times already from different sources. First, the government can't do it because then all the conservative republicans start shouting that the government now is in business of running banks, and who knows what will happen next. There is a valid point there that government owned banks will have competitive advantage over existing private banks. To avoid this, the government should provide seed money and IPO the banks right away.Second reason, the government cannot allow the existing banks to fail is because of foreign investors. Saudis, Europeans and Chinese will not take it lightly. The will simply refuse to finance our debt further.Then, there is an issue of lobbyists, of course, which was mentioned.May be a more neutral solution is for government to start yet another T* program with the purpose of lending money to private citizens with the purpose of opening new banks.

 

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