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The Federal Reserve, Congress, the BIS and UN to enact TALF
Adrian C.
started this petition to
The BIS, Federal Reserve, and United Nations
TALF Term Asset-Backed Loan Facility Program:
The concept is to provide a family income floor to generate enough income to place all families above the poverty level through a Loan Program similar to the Federal Reserve TALF Program. Instead of giving zero interest loans to corporations or hedge funds, they would be given instead to families, A one time loan to purchase long term bonds or similar investments to generate a floor of income to stabilize families thur interest collected till bond maturity. This would be tax free and earnings from working would provide more discretionary income for other savings, investments, and purchases.
United States Department of Health and Human Services (HHS) figures for poverty in 2013[17] Persons in
Family Unit 48 Contiguous States
and D.C. Alaska Hawaii
1 $11,490 $14,350 $13,230
2 $15,510 $19,380 $17,850
3 $19,530 $24,410 $22,470
4 $23,550 $29,440 $27,090
5 $27,570 $34,470 $31,710
6 $31,590 $39,500 $36,330
7 $35,610 $44,530 $40,950
8 $39,630 $49,560 $45,570
Each additional
person adds $4,020 $5,030 $4,620
The TALF is non-recourse, meaning the government can seize the toxic assets if the borrower doesn’t repay,
The concept is to provide a family income floor to generate enough income to place all families above the poverty level through a Loan Program similar to the Federal Reserve TALF Program. Instead of giving zero interest loans to corporations or hedge funds, they would be given instead to families, A one time loan to purchase long term bonds or similar investments to generate a floor of income to stabilize families thur interest collected till bond maturity. This would be tax free and earnings from working would provide more discretionary income for other savings, investments, and purchases.
United States Department of Health and Human Services (HHS) figures for poverty in 2013[17] Persons in
Family Unit 48 Contiguous States
and D.C. Alaska Hawaii
1 $11,490 $14,350 $13,230
2 $15,510 $19,380 $17,850
3 $19,530 $24,410 $22,470
4 $23,550 $29,440 $27,090
5 $27,570 $34,470 $31,710
6 $31,590 $39,500 $36,330
7 $35,610 $44,530 $40,950
8 $39,630 $49,560 $45,570
Each additional
person adds $4,020 $5,030 $4,620
The TALF is non-recourse, meaning the government can seize the toxic assets if the borrower doesn’t repay,
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