The Mudcat Café TM
Thread #114679   Message #2448869
Posted By: Donuel
24-Sep-08 - 08:31 AM
Thread Name: BS: How to Really Fix the Economy!
Subject: BS: HOW TO REALLY FIX THE ECONOMY
Instead of buying up all the worthless derivitives and other failed trash investments by banks with a blank check to executives...

The taxpayers money can buy huge lots of bank stock, thus keeping them open, and actually have ASSETS owned by the taxpayers/government that would be worth something.

..as said by Sloan on NPR

I consulted with a senior econmist with the government and she said that is exactly the best solution to this current debt mess (

note this debacle should not be called a credit crisis - it is a debt crisis.)