IMHO, the bailout bill is a ripoff of American taxpayers--like me! Why is the government trying to help out the American people through the banking system. Why not help the banking sector through the American people.
Here's what I propose, if you care to know. The government should set up an agency that will work to buy homes on the brink of foreclosure. If the owner owes more than the house appraises for, then the bank should allow a short sale. It's a win-win situation for the home owner and the bank. The government can then either rent or sell the house at a reasonable cost.
I know it sounds simplistic, but with a flesh, it really could work.
What would you propose?
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment