Question by honesty_counts: BANKING CRISIS ! = Here’s a better solution; why doesn’t the Government simply become a bank themselves?
Think about it for a minute: Instead of taxpayer money going to make the CEOs of large banks even richer by buying their bad mortgages, why not just open up mini federal branch banks in regional post offices and tax offices?
Yes, the interest rates on such emergency loans to individuals will have to be much higher than most people would like, but its a heck of a lot cheaper for the taxpayers to do this than to risk about Trillion buying all that garbage that the banks have and want to unload.

So what do you think of this idea? Spend 0 million, rolled over about 8 or 10 times for a grand total of about Trillion, and still have nothing to show for it, or simply spend about 0 million and lend the people their own money, just at a slightly higher interest rate.

The government is trying to make point that if Trillions of dollars is not given to the banks, then the banks will freeze and lending to individuals and businesses will also freeze. So my idea is why not just use this massive amount of money to lend to the people, instead of giving to the Wealthy banks?

Its your money everybody! You better think about what your government is about to do to you and your grandchildren and how it will affect them for the next 300 years.
The whole idea here is that the Government would do this only as long as there are no other private companies willing to do the same. In order to make it easier for private companies come back into the market, the government must charge much higher rates that what private companies would charge. This would assure that even if American banks cannot lend, then there would be foreign banks coming to the rescue of the consumers. The Government just steps in to help un-freeze the lending markets, just for a few weeks, that’s all. Thats why we don’t need permanent buildings and temporary sites in Post offices would be good enough for 8 to 24 weeks.

The government does not want to get into the business of lending, they just want to keep the wheels of industry greased with available credit.
I just discovered how the Swedish people solved a very similar problem: go to this site and see for yourself.

http://www.nytimes.com/2008/09/23/business/worldbusiness/23krona.html?em

My suggestions is this: Do it the same was as they did, as they have the experinence.

Best answer:

Answer by Morganie III
That would be tenet FIVE…we are on our way!!

10 Planks of the Communist Manifesto

1. Abolition of property in land and application of all rents of land to public purposes.
2. A heavy progressive or graduated income tax.
3. Abolition of all right of inheritance.
4. Confiscation of the property of all emigrants and rebels.
5. Centralization of credit in the hands of the State, by means of a national bank with State capital and an exclusive monopoly.
6. Centralization of the means of communication and transport in the hands of the State.
7. Extension of factories and instruments of production owned by the State; the bringing into cultivation of waste-lands, and the improvement of the soil generally in accordance with a common plan.
8. Equal liability of all to labour. Establishment of industrial armies, especially for agriculture.
9. Combination of agriculture with manufacturing industries; gradual abolition of the distinction between town and country, by a more equable distribution of the population over the country.
10. Free education for all children in public schools. Abolition of children’s factory labour in its present form. Combination of education with industrial production.

According to the Communist Manifesto, all these were prior conditions for a transition from capitalism to communism.

What do you think? Answer below!