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Well, this one is going to take some time… But first on the current financial crisis; I’d gather $1 billion up to buy up recently defaulted mortgages, credit cards, auto loans, medical bills, basically anything that’s collectable through lawsuits, garnishments, etc. I could likely obtain somewhere around $50 billion worth of debt on paper, because if you don’t know it – when all debts are charged-off (usually within 6 months of default) by an original creditor they are bunched up in batches and sold to third-party debt collectors (junk debt buyers) who are “investors” who then tack on all sorts of fees, charges, interest, etc. and then start calling, mailing and generally harassing folks who didn’t have the money for the original creditor(s) in the first place so why they would have it several months later is beyond me. Then I would charge a minimal amount and offer the debtor that and promise to update their credit reports to reflect that the debt has been settled in-full and I would also promise not to sell the “remaining” part of the debt to anyone else. In other words, if I paid $0.05 on the dollar for someone’s charged-off credit card debt of $20, 000.00 I would have then paid a total of $1, 000.00 for the debt. I would then offer to settle in-full with the debtor for $1, 500.00, with no tricks or surprises included in the deal. That’s already 50% profit on my investment, and it wouldn’t be a killer settlement for the debtor either compared to the “original” amount of $20, 000.00! Everyone wins! This would then allow this person to get back into the economy and contribute instead of being stuck in debtors prison hiding out and running from these debts for years on end. If all (I admit this to be unlikely, even with such a great offer as I am proposing here) of the debtors accepted the offer then that initial $1 billion investment is now worth $1.5 billion, minus expenses. Then you take the profits and reinvest it in the same manner and do it all over again. The word would eventually get out that you are the real deal and that debtors should definitely work with you. In fact, they would probably come to you offering a settlement on their debt! It’s brilliant, and it would go a heck of a lot further, and be a whole lot cheaper and lot less painful for everyone, in getting this economy going than the other methods that have been tried so far. My idea tops out at around $5 billion to fully work (which equates to roughly $100 billion of debt wiped clean), and you’d fully make back the $5 billion, plus change! The government bail-out of the banks and other financial institutions cost over $1 trillion dollars! Who has the better approach here?