If this is about a liquidity issue............instead of buying a bunch of worthless paper on mortgages made by stupid decisions............
Why not just put the 700 billion in the system as loans to banks, institutions, customers of whatever.........even at a really low interest rate........
And let these companies bite the bullet they created and go under..........
as a taxpayer I would rather see my money helping banks and consumers rather than buying 500,000 mortagages on real estate that is now worth 250,000.........
Basically this would put the government in the lending business but the government is really already in the lending business by guaranteeing student loans............so why not real estate loans and bank loans...........:shrug:
Why not just put the 700 billion in the system as loans to banks, institutions, customers of whatever.........even at a really low interest rate........
And let these companies bite the bullet they created and go under..........
as a taxpayer I would rather see my money helping banks and consumers rather than buying 500,000 mortagages on real estate that is now worth 250,000.........
Basically this would put the government in the lending business but the government is really already in the lending business by guaranteeing student loans............so why not real estate loans and bank loans...........:shrug:
