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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: KLP who wrote (482691)	4/14/2012 5:59:44 PM
From: Hoa Hao	1 Recommendation Read Replies (1) \| Respond to of 794221

Former FDIC Chair Sheila Bair proposes EVERYONE get access to the Fed window for free loans and 0% money. I've said this to my friends for years... Why can't I have a window at the Fed?? And I'm serious. I was involved with a mortgage company transiting to computers back 20+ years ago. Eventually, you could get credit reports via your lap top in your customers home and have him write up his reasons for bad credit right there and then. No reason you can't tie into the IRS for accurate income The reality is, is that you do not Need retail banking any longer. You can computerize the whole thing and cut out the middle man for auto , boat, house and consumer loans. Gives true meaning to the name "Central Bank." Regarding Blair's idea of everybody getting 10 Mil, why not?? I can invest poorly and get a bail out and award myself a giant bonus as well as any Wall Streeter can. Why should I not be able to do it??