If Public Money MUST Be Given To Banks...

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.

 

I agree.

 

Seems like we're always on the same page.

I support your proposal.

JIM

 

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.

 

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