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Reply #3: If those bad, bad consumers who took those [View All]

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fasttense Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-16-08 05:23 PM
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3. If those bad, bad consumers who took those
Edited on Sun Mar-16-08 05:24 PM by fasttense
ridiculous mortgages would just pay up, then we would not be having this problem. So the only real solution is for Paulson to buy, at the original full loan amount, the houses about to be foreclosed upon. Then all those risky bundled securities and mortgage backed loans would be worth just what they were worth before all the bad, bad consumers defaulted on their crappy loans. It also has the upside of giving the government some real property for their bailout money instead of just more crappy paper.

It makes much more sense then just continuing to funnel all the money to the uber wealthy.

Doing the same thing over and over again and expecting different results is the meaning of insanity.
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