A Better Plan?

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We, the people, have been sold a bill of goods in this bailout (actually nothing more than the Saving & Loans swindle in disguise -- give them credit for learning from that theft as this time nobody will do jail time) --- and are watching as the “haves” get more right in front of our eyes.

Imagine receiving stock at less than half the value of what we are paying and being told we are now 'owners' of these thieves.

Why wouldn't it have been a better plan, if we had to give these people money, to loan them the money at an interest rate they have deemed as fair. For example, presently people are paying as much as 30% on their credit card loans along with other conditions such as 'minimum payment due', therefore it must be these banks consider that as fair so that is what we charge them for the loan we give them. It most likely would take long for them to reduce drastically the interest they charge their customers in order to get their interest rate adjusted in kind. The result would be to give consumers more money (at no additional cost to the government) as the 'minimum payment due' would be less thus assisting our economy, even reducing the number of foreclosures. The consumer would still owe the same principle to the banks, however, would not not have as high a monthly pay out. Under this plan the banks could control their pay out as well by altering their obnoxious interest rates, rates that sent loan sharks to prison in the 1920's.

Now it may be said these banks are receiving this money in order to allow them to stay in business. However, this is not the case as most of them are presently operating in the black, but are using the money to purchase other banks. In addition to this the tax laws have been changed to give these purchasers a tax break as they can offset their tax obligation to the amount of the red ink of those banks they are purchasing. They are receiving tax breaks for taking our money, and giving us a token in way of non-voting stock. We, the taxpayer, is not only giving these banks money, but is also losing money in lower tax revenues.

In the meantime the corporate media propagandists are occupying our thoughts through such issues as gay marriage, three senatorial races, and the moronic Sarah Palin (yet they do not even point out the fact she contradicts herself from one 'exclusive' interview to the next.)