It looks like you're using an Ad Blocker.

Please white-list or disable AboveTopSecret.com in your ad-blocking tool.

Thank you.

 

Some features of ATS will be disabled while you continue to use an ad-blocker.

 

instead of a bailout how about

page: 1
0

log in

join
share:

posted on Sep, 29 2008 @ 09:45 PM
link   
Instead of the government buying 700billion dollars of bad debt why don't they instead lend out 700billion dollars to the banks at 5% interest.




posted on Sep, 29 2008 @ 10:08 PM
link   
Thats a brilliant idea actually.
But sadly the Banks Run the Government, so it most likely wont happen.



posted on Sep, 29 2008 @ 10:26 PM
link   
How about we try this again:
Silver Certificate


[edit on 29-9-2008 by hoppy]



posted on Sep, 29 2008 @ 10:28 PM
link   

Originally posted by not so crazy cannuck
Instead of the government buying 700billion dollars of bad debt why don't they instead lend out 700billion dollars to the banks at 5% interest.


Because not matter who ends up receiving the $700B, the Feds have to either borrow it from other countries or print it with no gold backing. Neither option helps us in the end.

[edit on 29-9-2008 by asmeone2]



posted on Sep, 29 2008 @ 10:36 PM
link   
reply to post by asmeone2
 


yes but by lending the banks the money the US is getting a much better asset with a higher rate of return, while also holding the banks more accountable for there actions in creating this meltdown.



posted on Sep, 29 2008 @ 10:42 PM
link   

Originally posted by not so crazy cannuck
reply to post by asmeone2
 


yes but by lending the banks the money the US is getting a much better asset with a higher rate of return, while also holding the banks more accountable for there actions in creating this meltdown.


The banks are the problem here. Let's not give them more money.

It's like going to a pyromaniac who's tried to burn a building, then giving him the dynomite to finish the job instead of making him fess up to what he's done.



posted on Sep, 29 2008 @ 11:01 PM
link   
reply to post by asmeone2
 

I am well aware of how the banks utter incompetence has caused the current situation. But just sitting around and ranting at the banks isn't going to solve anything. like it or not the US government has to act act before the markets plunge any further.



new topics

top topics



 
0

log in

join