Saturday, April 12, 2008

Just a thought

posted by The Sailor @ 4:04 PM Permalink

I'm no economist, but it seems to me if you want to solve the foreclosure crisis then give the money to the homeowners to help them pay their mortgages, not to the mortgage holders. The lenders still get their money, the people get to keep their homes, which keeps their neighborhoods viable, which allows them to pay their property taxes, which keeps their schools viable, etc, etc, etc.

Let's try 'trickle up' for a change, I'm calling it the 'for want of a nail' approach.

Cross posted at SteveAudio



At 7:35 AM, Blogger The Vidiot said...

If the point were to stabilize private property, then that's what they would do.

But that's not the point.


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