posted on Feb, 3 2009 @ 01:26 PM
IN tough economic times, people don't spend. They save. And they keep saving until they think it is safe again. If they do spend money, they pay off
bills which goes right back to the evil banks.
I think the best way out of this mess(but I am not an economist by any stretch of the imagination,so humor me here)
Is that the feds should start a temporary bank, lend money to those who need it, pay off or take and susbend the bad and failing mortgages, and get
people out of credit card debts. That way the banks get some money and feel more secure because people are paying. People get out of debt and feel
more secure and start spending again.
they can call the bank the First Federal Bank of spending and lending. HA!