A solution to the meltdown, that will stem the flow of foreclousers allowing people to stay in their homes. it benefits goverments,banks,and institutions, stopping the bleeding by creating a greater amount of disposable income on a monthly basis, this will help restore home values, and allow more people to legitimately qualify. As a result the building and construction indutry will be revived and the economy will begin to grow and prosper. It will cause positive results.
You really think the banks with our money should have no limitations on the use of our money, we home owners whould not be given a break that will help the entire country, maybe you want to pay all the social services, unemployment and additional taxes, that won't be paid by those empty homes. Apparently you don't understand the position this country is in, if you have a better idea please, lets hear it. Furthermore, this helps banks, pervevents foreclosures, keeps people in their homes.
maggie5358 3 years ago
That sounds like what communist China would do. Putting price controls on banks does not encourage competition and will lead those banks with money to leave the country.
Martian74 3 years ago