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Bail Out the Homeowners!


Business  (tags: society, politics, government, ethics, foreclosures, bailout, Banks and Banking, homeowners )

Tinkie
- 2157 days ago - countercurrents.org
The bailout is focused on the wrong end of the problem. The bailout should be focused on the origin of the problem, the defaulting homeowners. Stopping the problem at it's origin would restore the value of mortgage based derivatives and end the crisis



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Comments

Carol W. (119)
Monday October 6, 2008, 7:23 pm

Thanks Tinkie. This article makes me a genius. haha

I heard that it would only require 49B to pay off every foreclosure in America.
This makes so much sense to me and I have been writing congress, obama, pelosi, and all almost daily prior to the fatal vote.

Pay off every foreclosure.
Arrest and convict these crooked lenders, bankers, at the top.
Stop usury and predatory lending. How crazy is the adjustable rate?
Who in their right mind could imagine where such deceitful promises would end up.

Also if Govt. still wants to invent more money out of thin air, then why not apply it to Health Care for Legal Americans. As this is another tremendous cause of bankruptcy and defaults.

Still feeling generous and want to really help the banks?
Give every legal American Family 500,000 dollars to go shopping with, stimulate the economy, and invest or deposit in banks that then would have money to lend once again.

Glad to see intelligent minds have also thought of this.
Bush, Paulson, Goldman Sachs, Blackwater, KBR,...
Where does the welfare gravy train stop with ilk of this breed?
 
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