If Public Money MUST Be Given To Banks...

Discussion in 'Economics' started by gnome, Sep 29, 2008.

  1. gnome


    Should it not be in FRESH CAPITAL to re-energize the banks rather than money down a rat hole trying to salvage prior bad bets?

    Let those who speculated and lost, LOSE... write off the bad and use public money as a reserve upon which to make new, RESPONSIBLE loans.

    $700B at 16:1 fractional reserve = $11.2 Trillion in new loans.
  2. wave


    I agree.
  3. Allen3



    Seems like we're always on the same page.

    I support your proposal.

  4. let all the institutions fail and create a new bank giving them 700b. no need to recapitalize the dying, let those that will die die and create a strong rock in these turbulent times for people to flood to.
  5. gnome


    That'd work too... but logistically would be difficult unless the new bank took over many, many physical locations...