Originally posted by woodwardjnr
reply to post by MysterX
Maybe instead of pumping billions into the zombie banks, we could have put some money into the real economy to do the things you talk about.
Unfortunately the money went to private banks, to clear their toxic assets, so they would lend again, which they haven't, just swallowed it up
If every house, block of flats, factory and high rise office had their roof covered in affordable panels (economy of scale) we as a country could be
pretty much energy self sufficient.
Since we used tax payers money to save private banks, shouldn't those banks be paying it back to the taxpayer at say 50% of operational profits, plus
prevailing bank lending interest rates?
I must be too ignorant of finance to understand what must be simple concept, as nobody seems to be mentioning it..but when (if) a bank lends the
public money, we have to repay the bank the capitol sum plus interest over a specified period of time..why is this not the case for the banks
themselves when the public are putting up the money for the banks instead of the other way around?
edit on 21-2-2013 by MysterX because: added comment