FreightTrain

Bailout Should Be A Windfall For Taxpayers - Barron's

"Stabilization should restart the mortgage and housing markets, allowing the government to sell securities later on at a profit.

How are we going to restart the housing market with tighter lending standards? With proper lending standards, the pool of potential buyers is much smaller than it was 2 years ago - how many buyers can put down 10-20% of the purchase price on a home? With significantly fewer qualified buyers, lots of unsold homes, and continued economic challenges, this would seem to point to a continued decline in home prices and more defaulted loans. I've got a novel idea, lets jumpstart the housing market by letting banks give out home loans to anybody! No money down!