Posted by
Always To The Right on Tuesday, September 30, 2008 5:53:23 PM
Just how many mortgages $700 Billion could retire if they gave the money (back) to the people. I got this.(3)
The Bottom Line: If the Treasury simply took the
$700 Billion and started paying off taxpayer mortgages, they could pay
off every mortgage in the country worth less than $75,000... Or put
another way, $700 Billion could pay off well over half of all
outstanding first mortgages in the entire country.
Do you really think they need this much money?
So I say we just take the cash and pay off half the mortgages out
there and see what that does to the credit market and the economy. Are
ya with me?