Our Counter Proposal To Bailout

[hilly7]

Mr. President, Mr President, Congress and Senate, we the lower and middleclass

Our Counter Proposal To Bailout

1. We get 100 million lower & middleclass people who will fork over $200.
2. We take this money and create our own bank. Everyone is a stockholder. The $200 is an investment, an asset, which will grow as the bank grows and profits.
3. The bank will take over the mortgages that are now delinquent. We will lengthen the maturity dates and reduce the interest rates and make adjustments that will reduce the payments. This so that the people can afford reasonable payments that make sense. The original value of the mortgage will not be renegotiated.
4. The bank will pay 10 cents on the dollar to the Wall Street banks. Take it or leave it.
5. We the people of the lower and middleclass will then take our money and deposit it into the new bank. We’ll be capitalized and cash flowing. The bank will be run with good old fashion conservative financial prudence.

To take the effort and provide the capitalization for this the president, the vice president, the congress and senate have to resign and go away.

We then execute our plan for the government after they resign.

We then change lawyers and politicians and governments from being our masters to being our servants.
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