CSULB Economic Stabilization Act Panel Discussion

excellent work!

Preventing foreclosures would halt losses on MBS "assets", would give banks solvency, and would save taxpayers money. Saving the credit markets is attacking the problem from the top down. Instead, getting to the root of the problem, the housing market crash, is the real solution. This bailout only buys some time, and Geithner's version is half-baked. Perhaps if Lehman had been bailed out the financial crisis would not be as far along and more could be salvaged.

real estate values are sinking here on the east coast too,