Whether such a thoroughly logical and sane solution will fall on deaf ears is another thing entirely.
2 comments:
Anonymous
said...
i have no idea what the solution is, but partial government ownership of banks seems like it might work. i don't understand the resistance to this approach -- other than it being a knee-jerk reaction to government ownership of businesses.
Buying banks would help, but the most important thing is to help people pay their mortgages. The only cure is to turn a lot of the bad mortgage paper into good mortgage paper.
2 comments:
i have no idea what the solution is, but partial government ownership of banks seems like it might work. i don't understand the resistance to this approach -- other than it being a knee-jerk reaction to government ownership of businesses.
Buying banks would help, but the most important thing is to help people pay their mortgages. The only cure is to turn a lot of the bad mortgage paper into good mortgage paper.
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