Centre county Pennsylvania, USA | All of Dave's charts show that US banks now have a $15B (as in billion) spike in something. If that spike (in something) is causing US financial meltdown, why is Congress and Exec insisting on rebating $150B (as in billion) of taxpayers money to fix it ? As a taxpayer, I would prefer that we taxpayers give US banks $15 billion so they could redraw charts and show their $15B (as in billion) spike is gone and, by inference, US financial meltdown is halted. I think US taxpayers might willingly kick in another $15B (as in billion) to clean up and "stimulate" restart of US financial engine after meltdown has been halted. Seems like that fix would save US taxpayer more than $100B (as in billion) from future taxes? if so, then maybe US taxpaying homeowners could use that $100B+ tax savings to pay banks for house mortgage.
I'm probably missing big bank picture, it can't be that simple. Maybe someone will write best selling book "Big Bank Picture for Dummies" . |
The Fed can provide answers to questions, too
