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11-09-2008, 08:57 AM
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How about extending the terms of soon-to-default
mortgages to 50+ years? Just to make the homes affordable to those "naive" home-owners, instead of subsidizing them with free money from taxpayers? Fed won't have to lower the rates to funny level. Banks get the interests of the loan paid. Savings also earn reasonable interests. This will motivate people to save instead of creating gigantic debt in the future.
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11-09-2008, 11:24 AM
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I have a better idea. Why don't we just let the idiots, who bought houses they couldn't pay for, go ahead and default. Then those of us who haven't been able to afford one, can now buy into a cheap home.Let the fools pay the price for their foolishness.Where is my bail out?
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11-09-2008, 01:05 PM
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I can't add anymore than what Windmill has said.
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