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  • whatilearn1234 whatilearn1234 Feb 10, 2009 1:58 PM Flag

    Government Officials, please listen to my new plans to save banks.


    1. Don't buy bad loans or assets directly from Banks because there is a fairness question. Who to buy it to and how much? Let private sectors stand on its own feet.

    2. If loans are formed and sponsor by government, government can form its own rules on bankrupcy and foreclosure. It will be easier on American Citizens.

    3. Just loan out the government budget amount and stop when government reach that amount. I think it will be more effective than buying the bad debts from trouble banks. I believe if banks' loans got paid off after they got loans from government. Banks get the full value of the loan amount and do not need to write down.

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