but the people on the congressional committee's caused the crisis so they could expand their power
why would they want a solution On Thu, Mar 26, 2009 at 2:07 AM, martycarbone <[email protected]>wrote: > > List buddies, > > I have been working hard on figuring out the current Money and Banking > crisis and have come up with some plans that my wife and I plan to > take to Washington, D.C. in May. We plan to present the plans to each > member of both Congressional Banking Committees > > One of the plans involves plain old common people starting State- > Chartered, Narrow Banks under existing laws and regulations. No new > laws are needed to put this plan into existence. > > I envision the first group of banks being given charters to open banks > that would be chartered solely to give 4% mortgages on single-family, > owner-occupied homes. > > Because of the enormous leverage involved in bank lending -- the > profits that such loans would generate are enormous. I figure > something like 35% on the invested capital is likely. This is based on > the fact that all banks can lend 10 times the amount of its invested > capital and the operating of such a narrow bank will have minimum > expense. > > I anticipate and recommend that the charter would limit the actual > cash returns to the bank stockholders to 6% -- with the other 29% > being used for the common good -- primarily to go into a fund that > would go toward nationwide Healthcare and Social Security Insurance. > > It occurs to me that someone on this list might like to open the first > bank of this type. > > You can see a rough draft of this plan at > http://www.alphabeticalist.com/Money%20Section/howtosolve.html > I am working on the plan -- so the website version is not the final > version. > > The first page of the website has a link to another "Silver Bullet > Plan" and gives my general ideas on the subject of Money and Banking. > You will find links to all sorts of solid information on the subject. > <<http://www.alphabeticalist.com>> > > My background is at > <<http://www.alphabeticalist.com/backgroundMRC.html>> > > This is a pro-bono project for me. I have no financial interest or > profit motive in any of this. > > I would appreciate comments, suggestions and advice from list members. > > Do any of you know your way around Washington? > > Regards, > > Marty Carbone / [email protected] / 760-603-1910 > > > --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
