POOR RICHARDS REPORT
Chapter 18
Multinational Bank Fines
There are billions of dollars being fined by formally lax government agencies across our globe. The recipients of these fines are the large multinational banks who made themselves “too big to fail”!
Well I have news for them. They are not too big to fine! The moneys collected should be distributed to the underfunded agencies to make them solvent and then the excess funds should be used to buy bonds and retire them.
In the United States direct obligations can not be called until they mature. But that would not stop the government paying back the monies they have been stealing from the Social Security System since LBJ. This would be an easy way for Congress to make the System solvent for an extra few years down the road.
Doing that would sure as hell guarantee their reelection without “smoke and mirrors” accounting.
These toothless agencies would once again regain stature and bring honesty back into mainstream Washington D.C. politics.
This would also insure that the banks would actually be paying the fines too.
Poor Richards Report Chapter 18
