Dear M.R. President Obama. I just wanted to congratulate you !
Let me start by saying that I think that you will do great things for this country and the people of are great nation.
I come from a very well educated family.In westchester NY
I unfortunately dropped out of school. so i am not the best at spelling or grammar. but i will do my best.


I think giving bail out’s for failing banks that have mismanaged their money by making bad investments
Is a very bad idea.
If their loss of revenue is because of loans on homes and businesses that have been foreclosed on then the money should be set in a program that would help people to pay there mortgages and loan payments

This could be done by using bail out money to pay there mortgages and loans. the home owner would then pay the bail out fund back at a% interest this would assure that at least some of the bail out money would go to the people that actually need it .
Here is another way to make sure that bail out money is going to the right places.
When applying for a loan be it business or private the loan could be applied for at the bank.
This would then be turned in to the fund department that would then over see the content of the loan. the bail out fund would then back the loan. The borrower could then repay the loan to the fund.


Example
If the borrower was to borrow lets say $200.000 then the loan would be for lets say $210.000 from the bank.
They would then send the loan over to the bail out fund for approval if approved the fund would then pay the bank $210.000 the bank would then loan $200.000 to the borrower this gives the bank a $10.000 guarantee.

The lend-e would then repay the loan to the fund at $220.000.

This would stimulate lending with out waste. It would all so give the fund a surplus over time. The banks could regain stability for investing and lending.

This would also stimulate the economy by creating small business that would in return lower unemployment. And further stimulate the economy.

A percentage of the tax money that is generated from the investments that the banks would make would go toward the fund and government stability

This would also put a set amount of interest on what a borrower barrows.

With a set amount of debt the borrower can then manage there debt more efficiently

This would not regulate the interest rates that a bank would make on other lending investments but would help to assist them in secured lending through the bail out fund that would be replenished by this program and in return creating a perpetual fund that would grow over time and would relieve the strain of an ever growing government debt.

In time the fund would no longer be on the backs of the tax payer but would be a self sustaining entity.

Should the fund be forced to foreclose on a loan such property could then be resold at government auction to reclaim the remainder of the loan. But with out attaching all the fees, charges and expenses that banks acquire. Thus reducing the risk of loss on the initial investment by the fund.

People with existing faulty loans could also apply much in the same way. Giving the banks relief and yet saving people from loosing there homes and businesses.

It is sad to say but it seams that just giving billions to banks and hoping that they will do the right thing is very risky!

Now for this plan or for any other plan to work there must be very close monitoring over everything from the fund itself to what it is being used for and who is prospering from it.
Now How to enact such a plan would be to set a comity lets call it the {bail out fund comity } the comity would be responsible for the fund and held accountable for every penny, for who will receive funds and who is denied and why.

Banks that want to participate in the fund program would half to apply and be approved.
Banks would have to show good faith in cooperation with the bail out fund program.
This is just an idea. and i have a lot more ideas that i think could solve a lot of problems


Soon to come how to solve the medical problems and keep almost every one happy.

How to stimulate an economy

Solve the Nataniel debt

Foreign affairs

I think president Obama is on the right track but he has a hard road ahead!