The Real Solution - It's in the Numbers

[beertoad]

THIS IS THE SOLUTION -- IT’S ALL IN THE NUMBERS

The DTCC is a member of the FED, owned by the largest brokers and banks. On their website they explain what they do, etc., etc.
Bottom line they completed $1.86 Quadrillion in transfers. That is right $1,860,000,000,000,000.00.
Additionally they indicated that they facilitate the stock loaning and fills for longs and shorts. They facilitate at their members direction about 22,000 stock borrows per day leaving 24,000 fails to deliver or receive with a value of $6,000,000,000 daily. That is $1,518,000,000,000.00 per year.
A .1% fine on transactions, to be reduced by .02% per year after 100% of the bailout cost is recovered and a 2% penalty charged to the fails to receive or deliver would solve the problem and fund infrastructure rebuilding, social security, help rebuild an industrial base, and generally rebuild our country.
The problem is the money goes through a corrupt system. As Bill Mahr put it, “Giving money to the government is as dangerous as giving alcohol, hot women and fast cars to teens going through puberty.”
1/10 of 1% on $1.86 Quadrillion is $1.86 Trillion per year
And
2% of the $1.58 Trillion is $30.36 Billion per year

The numbers work, the criminals pay plus damages and if we can get enough people behind it maybe, the citizens of this once great republic can restore its Constitution and respect.
THANKS,
BT

[Cassandra]

Uncanny. I just used that same analogy on another thread before I read your post & w/o having heard the Bill Maher quote. I guess if the shoe fits...

I took about 1/4 of my IRA out last week. I calculated what would be the most I could take w/o bumping myself into a higher tax bracket, and took that amount. I suspect I will take another lump sum in January unless things change radically. Even with full flexibility to invest however I chose, I no longer am comfortable having too much money out of my hands. Things I took into consideration were:

1. Banks, investment banks, and broker-dealers are going kaput; Mine could be next
2. Money market funds are breaking the buck, so even "cash equivalents" are suspect
3. My favorite ETF (SKF) has been outlawed, so I can no longer hedge my longs sufficiently to suit me
4. Physical "walking" PMs have decoupled from SLV, GLD, and there's no telling whether or how much metal these actually hold
5. I don't trust TPTB to have "solved" anything with this latest bailout; I'm expecting more instability over time
and, the biggie for me,
6. I may will likely need cash in the short term to cover living expenses; I was recently laid off, and got caught holding fewer months of burn than I should have had.

Every situation is different, so DYODD. I feel pretty good about having done this (will feel even better after that check clears!). Besides, giving bankers your money is like giving an abusive alcoholic a bottle of vodka; he is likely to do harm to you or others in return for the favor. Time to cut them off.

Quadrillions now. Hahahaha. What can you do but laugh at it? This definitely validates my point 5 above. I think the results of this bailout are utterly unpredictable but I strongly suspect a raft of negative unintended consequences due to loss of liquidity & volume from (former) short sellers and short / long hedge funds. Anything's possible here, so I shall take my money and run & hide.

Maybe your suggestion could be a solution, but I am unconvinced that TPTB want this to be solved. We all can and should write to our congress critters, but more likely than not, they are part of the problem.