If Public Money MUST Be Given To Banks...

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

  1. 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

    wave

    I agree.
     
  3. Allen3

    Allen3

    :D

    Seems like we're always on the same page.

    I support your proposal.

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