Let the oil companies step in and put up a loan to Wall Street.
I'm not an economist and I tend to see things rather simply. Like most men.
There are 5 big American oil companies out there that have billions in equity and revenue.
2007 Equity
Shell (Royal Dutch Shell), - $124 Billion
ExxonMobil, - $122 Billion
BP - $93.6 Billion
ConocoPhillips - $89 Billion
Chevron - $77 Billion
Total --- $505.6 Billion
And you know these numbers will be much higher for 2008.
Let these guys offer a low interest loan and handle the whole deal. Leave the Federal Government (read as all of us) out of it.
I don't think it would effect the price at the pump so it's a win for us and the oil companies. We get indirectly involved by already having paid at the pump the past 3 years and these oil companies can get their profit from their loan to Wall Street instead of us. Heck, the price at the pump may even drop a bit...maybe.
Where's the down side? Seriously?
8 comments:
I like your creative thinking.
That's better than the cr*p I hear coming out of Washington :)
creative...i like it!
I nominate Benson....Secretary of the Treasury!!!
great plan!!
I love, love, love this idea. Have you emailed Washington powers that be yet? I think G.W. might have some friends in oil. Just a hunch.
Wanna run for president?
Great Suggestion,
However I think that some of these oil companies are owned by foreign entities that may not have great relationships with the US.
Would Hugo Chavez give us a loan? No way! I think instead, we just need to ask for the "Golden Parachute" departing bonus packages that the top executives are getting.
It is a start...
Sounds good to me!
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