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One solution to this is to do away with the whole idea of having the fed give money to banks and then assume the banks will give money to the people. If the gov
by alasdair_ 10y ago
One solution to this is to do away with the whole idea of having the fed give money to banks and then assume the banks will give money to the people. If the government really wanted to give home loans to specific people, it could do that directly.
The same thing applies to giving tax incentives to employers for health insurance plans or guaranteeing student loans made by private companies.
- StanislavPetrov 10y ago>One solution to this is to do away with the whole idea of having the fed give money to banks and then assume the banks will give money to the people. Except that's not a solution if the whole point is to give the banks money, which is the motivation of Washington DC, the FED, and the SEC. Don't take my word for it, listen to Senator Dick Durbin. http://www.realclearpolitics.com/video/2009/04/29/sen_durbin_banks_own_the_place.html http://www.realclearpolitics.com/video/2009/04/29/sen_durbin...
- dredmorbius 10y agoInstitution can be changed and/or replaced. The aren't givens.