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Meltdown Fix: give everyone in the US $5K and require it to be held in a bank for 2 years.

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azul Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-21-08 04:20 PM
Original message
Meltdown Fix: give everyone in the US $5K and require it to be held in a bank for 2 years.
This would capitalize the banks and they could re-finance the bad stuff and losers.

The citizens of the US who get the $5k each are responsible for re-paying it anyway, so why do a bailout where the money goes where the taxpayers can not watch it and be responsible for it?

(My wife's idea, yea!)

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Tandalayo_Scheisskopf Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-21-08 04:22 PM
Response to Original message
1. Nah.
Edited on Sun Sep-21-08 04:22 PM by Tandalayo_Scheisskop
We'd just get taxed to hell and back and the bank would destroy the principle with fees.
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azul Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-21-08 04:59 PM
Response to Reply #1
2. No income tax on this money and no one can spend it.
It's in the bank for their and the system's survival. The stock market should love it.
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Tandalayo_Scheisskopf Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-21-08 05:48 PM
Response to Reply #2
3. Great Idea, but...
It'll never happen. The banks will figure out some way to fuck it up. It's all they know. It's what they live for. They are criminals, nothing more.
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