hypratt

When It Rains, It Pours

Stop this Bailout. Since those of us who pay our mortages on time are really more valuable than thought previously. This whole mess started with greedy bankers and mortgage brokers offering obsurd rates and adjustable loans (some of which were interest only) and lent money to those who could fabricate any kind of income in order to make a purchase (greedy borrowers)

My solution: Reduce the interest rate by 1% on all existing mortgages thus lowering the payments for those of us who read the fine print and only but things that we can afford. It will also leave more discressionary funds available most of which would end up back in the economy and be a number higher than anyamount the a bailout could create. Then, let those companies fail that got themselves overloaded with all of this toxic crap

If you or I make a high risk investment hoping to make huge gains and it turns out that if something looks too good to be true it usually is there is noone there trying to make a backroom deal to save us.

All of this occurring just prior to an election and the alarm bells don't ring inside the brains of most of you.

This is probably too simple of a solution because there would be no way for the politicains, lobbyists and the over-compensated CEO's to line their pockets at our expense.