Nice idea at http://choosethinking.com/, but it's bigger than that now. We in the USA, and elsewhere need Lyndon Larouche's Homeowner and Bank Protection Act. The owner occupants should continue to make reasonable rental payments to the banks. These payments can be applied to their new mortgages later. The home prices should be allowed to continue to go down for a few years, till they settle down to a reasonable level. There is no reason to spend even $50 billion nationally to help satisfy and subsidize a bubble. Anyway, the derivative market will still be out there in the Cayman Islands, and other tax havens, to try to suck up money and create a new bubble, unless you let the bubble go bye bye.
Saturday, October 18
Nice to Choose Thinking , but it's Bigger
Posted by Howiecopywriter at 6:07 PM
Labels: home owner mortgages bank protection choosethinking.com
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