Rather than pump billions of $/£ into the banks why not clear the personal debt of their customers?
If the personal debt of bank customers were cleared would the banks bad debts not be reduced also while enabling people to continue spending to boost the economy.
the problem with this idea is that first off, if you clear everyones debt, they will just do it again thinking they will be cleared again. secondly , if someone has a $5,000.00 debt and another person has $50,000.00 i'm thinking it wouldn't be fair.
Well I would imagine that the total sum would be the calculation of the bank's total personal customer debt and that each customer would recieve an equal amount up to the maximum they owe if the share sum was greater. Some conditions would clearly need to be associated with any such payment.
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