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Bailed out banks are refusing to lend. The US can't direct them to, having taken only nonvoting stock.- Restore investor confidence with tough regulation, big fines and jail time.
- Amend the Federal Reserve Act to make the Fed a part of government.
- Monetize our national debt; issue government money, including enough to spend for infrastructure.
- Call all Treasury securities. Pay them off at accrued value (or retire them when due) by direct deposit and void them.
Voila! No national debt! Require100% bank reserves with the Fed as lender of last resort, and cap interest rates. Inflationary? Not rationally, but money-created re-inflation now would be good! This threat would give uncooperative bankers a Come to Jesus Now scare, for it would take away their power to create money when making loans and to charge usurious interest. They'd start lending quickly.
To understand this, see the 10 minute YouTube video "Zeitgeist Addendum: Modern Money Mechanics", read "The American Monetary Act" on line, and the book "Web of Debt" by Ellen Brown, Chapters 37-47.
Of course, the chance that Republicans and Democrats, installed by financial industry contributions, would ever even bring this threat to mass consciousness, is nil. But readers can pass it on.
