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SVTPerformance's Chain of Restaurants
Road Side Pub
Mortgage bailout ideas!
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<blockquote data-quote="Fugazied" data-source="post: 7988115" data-attributes="member: 82724"><p>1) The federal reserve has obviously failed. Kill it.</p><p></p><p>2) Rework the fractional reserve concept, so more real money is required by banks. When banks have $10 and are able to multiply that into $100'000 of virtual currency in the system there is obviously an issue. As soon as debts are called in it crashes like a house of cards</p><p></p><p>3) Re-regulate the financial sector. The greed of the banks and the drive to provide mortgage derivatives to overseas investors caused the banks to loan money to ANYONE, including 650k loans to part time workers and loans to DEAD people.</p><p></p><p>4) Nationalize the banks to get credit flowing again. It's not socialism, it's been done before by countries facing this issue (where banks are reluctant to loan money). Currently that bailout money is simply buying bad debt and floating the stock price of the banks - simply put, a lot of the government money is bailing out bank investors and not helping getting money back into the system. </p><p></p><p>Once credit is flowing and economy has stablized, privatise the banks again.</p></blockquote><p></p>
[QUOTE="Fugazied, post: 7988115, member: 82724"] 1) The federal reserve has obviously failed. Kill it. 2) Rework the fractional reserve concept, so more real money is required by banks. When banks have $10 and are able to multiply that into $100'000 of virtual currency in the system there is obviously an issue. As soon as debts are called in it crashes like a house of cards 3) Re-regulate the financial sector. The greed of the banks and the drive to provide mortgage derivatives to overseas investors caused the banks to loan money to ANYONE, including 650k loans to part time workers and loans to DEAD people. 4) Nationalize the banks to get credit flowing again. It's not socialism, it's been done before by countries facing this issue (where banks are reluctant to loan money). Currently that bailout money is simply buying bad debt and floating the stock price of the banks - simply put, a lot of the government money is bailing out bank investors and not helping getting money back into the system. Once credit is flowing and economy has stablized, privatise the banks again. [/QUOTE]
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Mortgage bailout ideas!
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