First cap the interest rate on all Credit Cards at 1.5%
And here is an idea on how to really bail out the American people.
Instead of bailing out the banks and financial
institutions simply pay off the mortgages of all those that qualify
(making under a certain amount per household and in trouble with liar
and teaser loans) and give the people the 1-2 % interest rate that the
gov. would charge the banks.
Then the lenders have their $$ back and the Govt. can deduct that mortgage
payment directly from their earnings. The country now has an income
coming in for the next 20 or so years, the people can pay their debts,
buy products, and re-infuse the economy with some of the spendable
income they should have as working class people. Bailing out banks
and other irresponsible greedy entities is simply going to continue to
aggregate the wealth of the many into the hands of a few.
Re: Dow Jones In Serious Trouble
Member #: 34570
Registered: 11/22/2004
Posted:
2050
Name:
Dan Gerson
Name:
Dan Gerson
Company:
No mas cable
Occupation:
Paying bills
Location:
Sunny SW Florida.
Personal:
early 60s
Experience:
~28 years
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