Tuesday, October 21, 2008

Stopping the Death Spiral in the Housing Market

This plan seems to make a lot more sense than what the government is doing right now.

Anybody else up for paying $50 billion (to homeowners mortgages) over five years, as opposed to $700 billion (to Wall Street and banks) this year and more to come?

1 comment:

Craig said...

I also heard the proposal to use the 700b to end a check for about $75k to each taxpayer to be used for mortgage or housing. Either seems better than what we have now.