tag:blogger.com,1999:blog-16816866.post1698915836638737283..comments2024-02-29T02:10:56.878-08:00Comments on J O S H U A P U N D I T: How I'd Cure The Credit Crisis And Save US Taxpayers $600 BillionFreedom Fighterhttp://www.blogger.com/profile/13649470110087808596noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-16816866.post-85706433578607082532008-09-30T19:57:00.000-07:002008-09-30T19:57:00.000-07:00Hi Y'all,Please remember that I'm not talking abou...Hi Y'all,<BR/>Please remember that I'm not talking about a `stimulus package', or goverbnment subsidized lending at artificial rates as was done in Japan...<B>I'm talking about lending this money out for profit to credit worthy borrowers at market rates</B>. <BR/><BR/>And once lent out, the paper could either be sold outright to private investors on the secondary market at profit or the servicing of the paper could be sold to a private company..just like in the real world.<BR/><BR/>So unlike the rape of the taxpayers that's being pushed by Paulson and certain members of Congress, the taxpayers would not only get that $100 billion back but make a <I>profit</I> on it..while openiong up the credit market and growing the economy as the greedy loan sharks from th eprivate sector scramble to get in on the party.<BR/><BR/>And we bail out <I>nobody.</I><BR/><BR/>That's how capitalism works.Way too simple for the folks in DC, no?<BR/><BR/>Like I said, just a public service on my part...but so far, Bush hasn't called me yet. ;/Freedom Fighterhttps://www.blogger.com/profile/13649470110087808596noreply@blogger.comtag:blogger.com,1999:blog-16816866.post-59129723401224136732008-09-30T18:02:00.000-07:002008-09-30T18:02:00.000-07:00Japan never wrote off the bad loans. They are stil...Japan never wrote off the bad loans. They are still sitting on the bank's books at the original book value. Their solution was merger mania that created mega banks such as Mizuho, (IDB, Fuji & Sakura?) and Tokyo Mitsubishi. they still are not facing their problems, that's why 18 years later their economy is still on life support...At least the US deals with the pain...eventually...don't we...?Roseyhttps://www.blogger.com/profile/05831258809546539352noreply@blogger.comtag:blogger.com,1999:blog-16816866.post-19230200383099868832008-09-29T20:41:00.000-07:002008-09-29T20:41:00.000-07:00maybe nancy pelosi should call these people<A HREF="http://www.freedomtaxrelief.com/" REL="nofollow">maybe nancy pelosi should call these people</A>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-16816866.post-34491659350310555742008-09-29T17:39:00.000-07:002008-09-29T17:39:00.000-07:00The same thing happened in japan in the 90's They ...The same thing happened in japan in the 90's They tried bail outs and stimulus packages. It all made no difference. The period of the 90's is known as the "lost decade".<BR/><BR/>If you try the same solutions you get the same resultsAnonymousnoreply@blogger.com