Fear Fest.

anthrovolution · 09-21-2008, 11:48 PM

I've read through the proposed bill

http://www.nytimes.com/2008/09/21/bu...1draftcnd.html

and I think I have a better plan.

The US Treasury should issue 305,218,952 certificates of deposit, one for each citizen of the USA, for $3000 each. These certificates will be placed on deposit at various banks and other financial institutions for a period of 3 years. This should give the banks adequate liquidity to do what they need to do. Then after 3 years, the citizens can redeem their certificate for the face value plus any interest that has accrued during that time.

09-21-2008, 11:48 PM	#2
anthrovolution Avalon Senior Member Join Date: Sep 2008 Location: az Posts: 36	Re: Fear Fest. I've read through the proposed bill http://www.nytimes.com/2008/09/21/bu...1draftcnd.html and I think I have a better plan. The US Treasury should issue 305,218,952 certificates of deposit, one for each citizen of the USA, for $3000 each. These certificates will be placed on deposit at various banks and other financial institutions for a period of 3 years. This should give the banks adequate liquidity to do what they need to do. Then after 3 years, the citizens can redeem their certificate for the face value plus any interest that has accrued during that time.