Herein is the nature of the worldwide financial crisis. Big banksters (Wall Street Facist) looting the US banks and destroying the US economy. They caused the Great Depression and Franklin D. Roosevelt investigated the criminal activity which is known as the Pecora Commission. Many banksters were found guilty and put in jail.
Today, we have an identical crisis and Barack Obama's appointed cabinet advisors ARE the Wall Street crowd. Since the president has no understanding of economics, his advisors are giving him bad advice.
All American must rally around the Homeowners And Bank Protection Act (HBPA) as proposed by Lyndon LaRouche in July 2007. It puts all state and federally charted banks into bankruptcy protection and cancels all bailouts, TARP's, stimulus packages, TALF's, etc.
It's not too late.
Read more on the HBPA at www.larouchepac.com
I am studying up on the Great Depression and am dismayed to find how it has happened that FDR is now viewed by a significant number of people as being ineffective at best at combating the Depression, or at worst a contributor to prolonging it. Your idea sounds to me as if it might possibly have been a good solution. Although I believe it would be impossible to implement since it would threaten so many monied interests.
Hwillijonl 5 months ago