bobomite

Are Home Prices Still Too High?

I bookmarked this article. Well done, sir.

The Greatest Short Sale in History

This is a desperate move by the Fed.

What should happen is that the US government should issue debt free currency, let's say $700B or so to start with.

Then they use some of this this money to buy assets from the banks.

There are 2 pricing models:

1) Mark-to-market, you get cash

2) Full price, you get cash but hand over equity (not warrants) to cover the difference from the mark-to-market value.

The extra money and any income (if there is any) from this program would then be used build a real alternative energy infrastructure.