The Federal Reserve has no choice but to raise interest rates. At 2%, it seems more logical for the Federal government to make loans directly to consumers, bypassing the greed of those like James Dimon, Chief Executive Officer of JP Morgan Chase, who recently announced during a shareholder golf tournament that America’s most prestigious investment house is playing it cool in its investment decisions during this time of economic woe.
The only major investment the bank made this financial quarter was for a merger of chewing gum giant Wrigley’s into the Mars candy company. Despite a $30 Billion cash infusion by the federal government to salvage what was left of Bear Stearns and the American Dream, the big bank is not being sweet to the sours of economic ruin.
Clever financial gurus at Chase know very well what’s to come. How many will skip meals in 2008 due to rising food costs? (There are people who have eaten chewing gum for its nutritional value in America.)
Fuck the mortgage crisis. Many did not own homes before the bubble broke anyway. Must America now starve due to the bottom line of cautious national investment strategies?
The solution is simple…
Close the banks and put away the clubs!
The only chance for our nation to survive in freedom and get back on its feet is this: the Federal Government must offer all Americans a 2% percentage rate on government sponsored “freedom loans”. This incentive for hope can easily be paid for after the end of the war, by using the gold that is just sitting in Ft. Knox collecting dust.
There will be no need to worry about the real estate mess anymore. Get rid of the credit agencies, collection agencies and all agencies while you are at it. Stop sending tax rebate checks and cut to the Chase, Uncle Sam.
Let us all start with a fresh slate– $200,000 for each adult person with citizenship. Stop giving extra credit for those who have children. Make it simple – a $200,000 revolving loan of credit for the grown people.
Do away with loan applications that are judged unfairly by those who work for people like James Dimon. Please, no more credit scores that make us all appear to be criminals. Give us a fair democracy, in the land of milk and honey.
Tax the rich. Tax the rich. Tax the rich!
No longer will the wealthy be entitled to loans from the Federal Government, nor will they supervise the financial institutions that outspent our democracy.
If one makes more than $200,000, they simply are not entitled to loans of any kind.
It’s as simple as that.
Let’s put a filling in the cavity that JP Morgan Chase has caused in the mouth of America.