[lbo-talk] Alex Pareene: A proposed demand for Occupy WallStreet

Jordan Hayes jmhayes at j-o-r-d-a-n.com
Wed Oct 5 08:46:54 PDT 2011



> another $2.4 trillion is consumer (credit cards, auto loans, etc.

You could start there. Call it an "inverse savings bond" where instead of the 12% you're paying on your car loan, the Treasury could buy your debt from the bank and you'd be assigned to essentially pay the coupon on a 10yr bond (1.88% today?). The banks wouldn't even have to take a haircut: they'd get their principal back early, and that would be a bummer for their ongoing profitability, but they'd be made whole.

Now what they'd do with all that money is another thing ...

/jordan



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